Waterfall Distribution IRR & Multiple combined

Hi,

I have already calculated a waterfall with the IRR component in the past... but this time, the structure should look as follows:

15% / 15% IRR and 1.5x CM
20% / 20% IRR and 1.7x CM

Can someone help me understand how to deal with the CM component? I'm a bit stuck at the moment.

Thanks a lot!

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