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As a VC invests in a portfolio company, they expect to generate 10x return over 10 years. What is annualized IRR corresponding to 10x multiple?

As a VC invests in a portfolio company, they expect to generate 10x return over 10 years. What is annualized IRR corresponding to 10x multiple? Group of answer choices

15.3%

20.6%

25.9%

30.2%

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