Tiffany is being a social loafer when she naps under her desk in order to boost her productivity

An appraisal report has the three major subheadings of (I) Introduction, (II) Description of the area, neighborhood and property, and (III) Analysis, conclusions and opinions of value. This appraisal report is most likely a:

A: Letter form report; B: Narrative report; C: Short form report; D: Judicial report.

The IRR is the discount rate that equates the present value of the project's future net cash flows with the project's initial outlay

Indicate whether this statement is true or false.