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An angel investor provides a fledging start up with 1,000,000 in exchange for 100,000 stock options. if the start up company is sucessful, has an

An angel investor provides a fledging start up with 1,000,000 in exchange for 100,000 stock options. if the start up company is sucessful, has an IPO at the end of Year 4, and the stock sells for $25 per share, how much would the investor's investment be worth? What is the IRR of this investment? (round to the nearest percent).

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