Question: Given the following fee structure, what is the total amount of fees that would be paid to a fund manager if the actual NOI was

Given the following fee structure, what is the total amount of fees that would be paid to a fund manager if the actual NOI was $45 million annually:

5.5% up to $20 million in annual NOI

5.0% for the next $35 million in annual NOI

4.5% for the next $45 million in annual NOI

4.0% for all over $45 million in annual NOI

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