2. Let's assume You are in charge of a $20 Million Kogod venture fund with a 10 yr life To achieve 25% annual return, what multiple of original investment must the fund pay, excluding fees? Develop a model. Assuming the firm makes 10 investments and "law of returns"holds, how much do the investments need to return, again excluding fees? Is it possible? Is it realistic? What is the required return multiple for the successful investments? What is the return value per successful investment? Kogod VC Fund Annual return 25% Year 0 2 3 4 5 6 7 Initial Capital $20,000,000 $ 25,000,000.00 $ 31,250,000.00 $ 39,062,500.00 $ 48,828,125.00$ 61,035,156.25 $ 76,293,945.31 $ 95,367,431.64 $ 119,209,289.55$ 1 8 9 149,011,611.94 $ 10 186,264,515 2. Let's assume You are in charge of a $20 Million Kogod venture fund with a 10 yr life To achieve 25% annual return, what multiple of original investment must the fund pay, excluding fees? Develop a model. Assuming the firm makes 10 investments and "law of returns"holds, how much do the investments need to return, again excluding fees? Is it possible? Is it realistic? What is the required return multiple for the successful investments? What is the return value per successful investment? Kogod VC Fund Annual return 25% Year 0 2 3 4 5 6 7 Initial Capital $20,000,000 $ 25,000,000.00 $ 31,250,000.00 $ 39,062,500.00 $ 48,828,125.00$ 61,035,156.25 $ 76,293,945.31 $ 95,367,431.64 $ 119,209,289.55$ 1 8 9 149,011,611.94 $ 10 186,264,515