hard · Private Equity & LBOs

A management incentive plan (MIP) provides a 12% equity pool at an exit strike price of $220M.

If the company exits at an equity value of $600M, what is the net payout to the management team (using the treasury stock method)?

  1. $48.0M
  2. $30.0M
  3. $45.6M
  4. $72.0M

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