5) Dalmatian Fund is a hedge fund with a value of 100 million at the beginning of the year. Dalmatian Fund charges 1.5% management fee based on assets under management at the end of the year and a 25% incentive fee with no hurdle rate. Incentive fees calculate independent of management fees. The fund's value at the end of year before fees is 120 million. Compared to a 2 and 20 fee structure, Dalmatian Fund's total fees for the year are: A) higher. B) lower. C) the same