NEED ASAP

Problem $17-12$ Performance Fee $($LO$2,$ CFA$3)$

Two years ago, you invested $$750,000$ with a market$-$neutral hedge fund manager. The fee structure is $\frac{2}{20},$ and the fund has a highwater mark provision. Suppose the first year the fund manager lost $10$ percent, and the second year she gained $20$ percent. Assume management fees are paid at the beginning of each year and performance fees are paid at the end of each year. Under the terms of the high$-$water mark provision:

a$.$ What are the management and performance fees paid in Year $1?$

$\backslash$table$[[$Management fee$],[$Performance fee$]]$

b$.$ What are the management and performance fees paid in Year $2?$

Note: Round your answers to the nearest whole number.

$\backslash$table$[[$Management fee$],[$Performance fee$]]$