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The room went quiet. The other interns looked at their shoes.

The villain of this act was the IRR calculation . Leo’s IRR kept coming out to 4%, which was worse than a savings account. He had spent three hours chasing a stray negative sign in a Cash Sweep macro. wall street prep financial modeling course

Priya had told him, “Anyone can build a DCF. An LBO is a personality test.” The room went quiet

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