select all that apply

On page 3 of the prospectus for a project by Walton (see the section on Syndication under Lesson 6) it states: The Partnership's investment objectives are to: (a) preserve Limited Partners' capital; and (b) provide annual cash distributions to Limited Partners beginning in 2011 until the completion of the Project, which is anticipated to be in December of 2015, representing a Net IRR of 13.5% based on the $10.00 purchase price of the Units under this Offering. IRR seeks to establish the present value of anticipated cash distributions by using a discounted cash flow. The distributions for purposes of calculating the Net IRR herein is based on the revenues, costs and timing described under "The Property, Area and Investment Plan - Big Lake Investment Plan". Which statements are true about this offering. (Refer to the document "Walton Big Lake Development") Hint: See the section on risk. (MARK ALL THOSE THAT APPLY) A. The general partners have pledged personal assets to cover any losses generated during the life of this partnership B. The state of sub-prime market in the US and Canada could impact the success of this project by impacting future rotidential property prices, C There is the potential for the discovery of archaeological sites on the property, which may require the partnership to preserve the site at its expense and refrain from developing all or a portion of the Property D. All losses are insured, Achieving an IRR of 13.5% is almost guaranteed. E. The IRR of 13.5% is guaranteed