Which two of the following five statements are false?

There are situations in which multiple IRRs exist.

In general, the IRR rule works for a stand-alone project if all of the project's positive cash flows precede its negative cash flows.'

The internal rate of return rule can result in the wrong decision if the projects being compared have differences in scale.

The IRR Investment Rule states to take any investment opportunity where the IRR exceeds the opportunity cost of capital.

The NPV profile shows the payback period - the point at which NPV is positive.

Which of the following five statements are correct?

The amount of the lease payment will depend on the purchase price, the residual value, and the appropriate discount rate for the cash flows.

At the end of the contract term, the lease specifies who will retain ownership of the asset and at what terms.

In a capital lease, the firm does not report the present value of the future lease payments as a liability on the balance sheet.

With a lease we are financing the entire cost of the asset, with a standard loan we are financing only the cost of the economic depreciation of the asset during its life.

The lessee is the owner of the asset, who is entitled to the lease payments in exchange for lending the asset.