Question: please show steps, thank you Practice Problem 4 (Chapter 14.6) Use the following information to answer the given questions: A fund set up for 10

please show steps, thank you please show steps, thank you Practice Problem 4 (Chapter 14.6) Use the

Practice Problem 4 (Chapter 14.6) Use the following information to answer the given questions: A fund set up for 10 years has committed capital of 100 million from LPs, a management fee of 5%, and a carried interest of 70-30. At t=0, the final fund value is 160 million. 1. What is the payoff of the limited partners and of the general partner (GP excluding fees) Now assume a hurdle rate of 12% 2. What is the payoff of the limited partners and of the general partners (GP excluding fees) 3. Suppose LP wants a 100% return on committed capital, what must be the final value (liquidation value) of the firmi

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