5. Calculate the Multiple of Investment a PE fund will realize on each of the following investments: (a) Company A. PE fund invests $100 million of equity, holds the investment for 7 years, and realizes an equity IRR of 20% per year. (b) Company B. PE fund invests $200 million of equity, receives a dividend of $20 million from Company B at the end of year 3 , and sells Company B for $700 million at the end of year 5 (including assumption of $220 of debt leaving equity proceeds of $480 million). (c) If the PE fund has only these two investments, what is the fund's overall Multiple of Investment