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A private equity firm is considering a quick-flip leveraged buyout: It can buy a company today for $13 million and sell it next year for

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A private equity firm is considering a quick-flip leveraged buyout: It can buy a company today for $13 million and sell it next year for $18 million. What is the expected IRR of this project? Assume that the cost of capital is 12%. a. 10.38% b. 35.52% c. 38.46% d. 23.63%

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