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An LBO purchases a business for $250,000,000,80% of which is debt. In 7 years, the LBO sells it for $350,000,000. If the debt principal remains

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An LBO purchases a business for $250,000,000,80% of which is debt. In 7 years, the LBO sells it for $350,000,000. If the debt principal remains the same, what is the internal rate of return (IRR) of this investment? Multiple Choice 5.71% 12.50% 40.00% 16.99%

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