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      "text": "291. If we double our money in five years, what is the approximate IRR? \"If we double our money in five years, the IRR is ~15%.\"",
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      "text": "292. Would you rather have $100 today or $200 four years from now? \"I would rather have $200 four years from now. That's 18% IRR...\"",
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      "text": "290. If we triple our money in five years, what is the approximate IRR? \"If we triple our money in five years, the IRR is ~25%.\"",
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      "text": "296. Assuming a 5-year investment horizon, what IRRs correspond to 2.0x, 2.5x, and 3.0x MOIC? \"15% IRR for 2.0x. 20% IRR for 2.5x. 25% IRR for 3.0x.\"",
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      "text": "295. If the Cost of Debt is 8%, what is the minimum return required to not lose money from using debt in an LBO? \"Assuming a 20% tax rate, the company must generate at least 6.4% return.\"",
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      "text": "294. Assume there's no multiple expansion and no EBITDA growth over your holding period. How can you still generate positive return in an LBO? \"You can still earn a return from the LFCF that the company generates...\"",
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      "text": "293. If you put $100 in the bank and get $3 back every year for the next 29 years and then at the end of the 30th year, you receive $103. What is your IRR? \"The IRR is 3%.\"",
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      "text": "297. A PE firm decides to do a raise $100mm of debt for a dividend recap on its portfolio company. Walk me through the impact to the three financial statements. \"No changes to the Income Statement.\"",
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