A hedge fund with $$22$ million of assets under management has a standard $2/20$ fee structure and earns $11\mathrm{.}5$ percent this year. Assume that management fees are paid at the beginning of each year and performance fees are paid at the end of each year. Assume that the fund$$s fee structure also contains a high$-$water mark provision.What is the management fee collected by the fund managers?What is the performance fee collected by the fund managers?Note: Do not round intermediate calculations.What is the investor$$s net return?Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.