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An investor puts 40 million of equity capital into a business in exchange for a 90% equity stake. three years later, the business was sold
An investor puts 40 million of equity capital into a business in exchange for a 90% equity stake. three years later, the business was sold for 90 million in transaction value. when sold, it has 10 million in debt and 3 million in cash. what is the annualized return for the investor?
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