Thomas H. Lee Company (THL Co) acquired Snapple for approximately $140 million (Total Enterprise Value, TEV) in mid-1992. Based on this, and based on the other facts provided in the case, determine approximately what return (i. e., IRR AND multiple on investment) the Snapple investment might have generated for THL Co. In doing this analysis, you should consider:

Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.