What is the irr of the investment

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Question 1: An angel investor provides a start-up with $1,000,000 in exchange for 80,000 stock options. If the start-up company is successful, has an IPO at the end of Year 4, and the stock sells for $21 per share, what is the IRR of this investment? (Round to the nearest percent.)

A)12%

B)13%

C)15%

D)16%

Reference no: EM132497211

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