23 and 24 please.

23. Assume a $100 million fund with an 8% annual preferred return, where the sponsor contributed 10% of the fund's capital. Assume that the fund liquidates in one year after earning $32 million in profits. What would the sponsor earn assuming a 20% promote? 24. Circle all of the true statements: a. UPREIT structures can help owners defer paying capital gains taxes b. REITs must pay out 95% of their taxable income as dividends to shareholders c. REITs are allowed to develop many properties d. REITS cannot be private e. REITs must have at least 100 shareholders f. None of the above 23. Assume a $100 million fund with an 8% annual preferred return, where the sponsor contributed 10% of the fund's capital. Assume that the fund liquidates in one year after earning $32 million in profits. What would the sponsor earn assuming a 20% promote? 24. Circle all of the true statements: a. UPREIT structures can help owners defer paying capital gains taxes b. REITs must pay out 95% of their taxable income as dividends to shareholders c. REITs are allowed to develop many properties d. REITS cannot be private e. REITs must have at least 100 shareholders f. None of the above