We obtain the exact solution of a recently proposed two-phase flow mod
el of the Rayleigh-Taylor mixing zone, in the incompressible, large ti
me scaling limit. The scaling limit equations are the renormalization
group equations for this problem. Our results show that the large time
behavior of the incompressible Rayleigh-Taylor mixing layer is determ
ined by a renormalization group fixed point. Our solution allows indep
endent pressures in each fluid. The pressures do not equilibrate dynam
ically, implying that distinct pressures for each phase is an intrinsi
c aspect of this problem.