12. Consider an investment of a private equity firm with an equity value at exit (2024) of $1800m and at entry (2018) of $600m. What is the internal rate of return (in %) of this PE firm? Please round your answer to one decimal place and provide your answer without a percentage sign (e.g. 30.6 instead of 30.6%). Enter answer here 13. What is a limitation that only applies to the use of transaction multiples? They assume that price equals value. They are typically inflated because of the winner's curse. They are influenced by market mispricings. O They can be hard to compare on an international basis