ABC Ventures has raised their $100M fund, ABC Ventures I, with management fees computed based on committed capital. These fees are 2.5 percent per year for all 10 years. Given this description, what are the lifetime fees and investment capital for this fund?

Group of answer choices

lifetime fees = $35M; investment capital =$75M

lifetime fees = $25M; investment capital =$75M

lifetime fees = $25M; investment capital =$80M

lifetime fees = $20M; investment capital =$80M