Use information below for questions 36 38.

In January 2015, investors at ABC Brandon Investing invested $10 million in a form of capital increase into a local company with a pre-money valuation of $30 million. The investors did not receive any payments or dividends between 2015 and 2020. The entire company was sold in January 2020 for $100 million.

36. What is IRR for ABC Brandon Investing?

37. What is the return if the investors bought $10 million worth of shares from of one of the existing shareholders?

38. What would the return be if the company was sold a year earlier and the investors bought $10 million worth of shares from of one of the existing shareholders?