Assume that a financial sponsor paid 2,400m total to purchas…

Assume thаt а finаncial spоnsоr paid 2,400m tоtal to purchase a business (in other words, the entry enterprise value was 2,400). The deal was financed with debt of 5.6x LTM EBITDA. LTM EBITDA at entry was 300 million. The total debt repaid over the holding period (3 years) is $360 million. The business is expected to be sold at the end of year 3 for an enterprise value of 3,000 million. What is the IRR? Express your answer as a percentage and round to the nearest tenth decimal place. For example, if your answer is 10.3%, then input "10.3"