A hedge fund with $2.3 billion of assets charges a management fee of 2% and an incentive fee of 20% of returns over a money market rate, which currently is 6%. Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of:(Enter your answers in millions rounded to 1 decimal place.)

portfolio rate of return %. total fee $ in millions. total fee %

a.-1 ? ?

b.0

c.6

d.12