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An LBO purchases a business for $150,000,000,75% of which is debt. In 5 years, the LBO sells it for $300,000,000. If the debt principal remains

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An LBO purchases a business for $150,000,000,75% of which is debt. In 5 years, the LBO sells it for $300,000,000. If the debt principal remains the same, what is the internal rate of return (IRR) of this investment? Multiple Choice 37.97% 42.85% 25.00% 20.00% 14.86%

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