Which of the following statements about internal rate of return is NOT correct?

The internal rates of return for many professional careers in the US are substantially higher than the market interest rate, which means these professional careers are good investments.

If the internal rate of return $r**$ is high, an individual with a low discount rate $r$ or high discount factor is more likely to prefer surfing than medicine, because it is not worth the wait.

At the specific discount rate $r**,$ the person values the financial returns from two options equally.

It is a specific discount rate $r$ s such that the person is indifferent between two options, such as surfing and medicine, in terms of net present values.