easy · Investment Banking ma-lbo
A sponsor acquires a company for 1.0 billion using600 million of debt and 400 million of equity. After 5 years, the company is sold for1.5 billion.
If the company paid down $200 million of debt and held no cash, what is the approximate IRR?
- 15%
- 10%
- 22%
- 35%
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