LBO & Paper LBOHard

Estimate IRR for a 2.5x MOIC over a 4-year hold, in your head.

Model answer

IRR = 2.5^(1/4) - 1. 2.5^(1/4) = sqrt(sqrt(2.5)). sqrt(2.5) ≈ 1.58; sqrt(1.58) ≈ 1.257. So IRR ≈ 25.7%,…

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