Calculate MOIC given the following:

The company has a year 0 EBITDA of 100 and remains constant throughout the holding period. Were buying the company at the end of year 0 at 10x LTM EBITDA multiple. Were financing it with 4x of bank debt at a 5% interest rate and an additional 2x of bonds at 10% interest (turn of EBITDA). Assume 20$ of D&A in Year 0, growing $10 every year thereafter. Assume Capex = D&A. There is a change in NWC of +$10 each year. Assume a 20% tax rate. Exit at the end of Year 2 with a 12x EBITDA multiple. Assume all levered free cash flow in year 1 and 2 is used to pay down debt as a Bullet payment (end of year 2).