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BIG private equity firm invest $100 million of equity in Company A. Four years later Company A has EBITDA of $30 million and BIG sells

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BIG private equity firm invest $100 million of equity in Company A. Four years later Company A has EBITDA of $30 million and BIG sells Company A for 11x EBITDA. At the time of the sale Company A has $125 million of debt outstanding. What is BIG's annual rate of return on their investment in Company A? 15.0% 34.8% 25.4% 19.7%

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