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The equity is owned by LP investors and MP in a ratio of 5 to 1 . The total equity is $ 1 2 0

The equity is owned by LP investors and MP in a ratio of 5 to 1. The total equity is $120. The LP investor demands 10% preferred return. Once the LP is paid, the MP requires a 10% catch-up return. All remaining cash flows are split 70 LP/30 MP. When the LP return is 15% what will the MP's return be?

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