HW: VF Ch$03$ VC returns

$1.$ A VC firm is considering two different structures for its new $$100$M fund. Both structures would have

management fees of $2\mathrm{.}5$ percent per year $($on committed capital$)$ for all ten years. Under Structure I, the

fund would receive a $25$ percent carry with a basis of all committed capital. Under Structure II$,$ the fund

would receive a $20$ percent carry with a basis of all investment capital.

Total exit value from all investments reached $$300$M when the VC fund is liquidated.

Solve for VM$,$ GVM$,$ GP$\%$ for each structure