Question
A private equity firm is considering a quick-flip leveraged buyout: It can buy a company today for $9 million and sell it next year for
A private equity firm is considering a quick-flip leveraged buyout: It can buy a company today for $9 million and sell it next year for $17 million. What is the expected IRR of this project? Assume that the cost of capital is 9%.
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Budgets And Financial Management In Higher Education
Authors: Margaret J. Barr, George S. McClellan
3rd Edition
1119287731, 9781119287735
