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4.A PE firm with a $10 billion fund charges a 2 percent management fee annually, and 20 percent carried interest on profits. In year 5,

4.A PE firm with a $10 billion fund charges a 2 percent management fee annually, and 20 percent carried interest on profits. In year 5, the company is acquired at 2x its investments. What is the investment multiple and IRR for the LPs?

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