Under the time-weighted return method, cash flows and fund values are given below. Subscripts denote either the fund value at the beginning of the year or time of the cash flows just after valuing the fund. Fund values: Fo = 100 Cash flows: F1 = 110 C1=-20 F2 = 105 + X C2 = 10 +X F3 = 85 F4 = F1 = 110 C3 = 15 The fund earns an annual time-weighted return of 5%. Calculate X. O a) 27.43 Ob) 26.92 O c) 10.13 O d) 15.36 Oe) 20.30 Under the time-weighted return method, cash flows and fund values are given below. Subscripts denote either the fund value at the beginning of the year or time of the cash flows just after valuing the fund. Fund values: Fo = 100 Cash flows: F1 = 110 C1=-20 F2 = 105 + X C2 = 10 +X F3 = 85 F4 = F1 = 110 C3 = 15 The fund earns an annual time-weighted return of 5%. Calculate X. O a) 27.43 Ob) 26.92 O c) 10.13 O d) 15.36 Oe) 20.30