PI Equity (PIE) invested in a biotech company (BIO) with $5 million of EBITDA. PIE paid $35 million with 30% financed at a rate of 6% over three years. Assume BIO'S EBITDA grows by 10% each year and they exit after three years at a multiple of 12 times EBITDA. What is the return on invested assets, without regard to any tax benefits attributable to interest or amortization? O 2.8x. O 3.5x. O 3.7x. O 4.0x