1. ABC Ventures has raised their $300,000,000 fund, ABC Ventures VII. ABC charges management fees computed based on committed capital and these fees are 2% in years and 2 , 2.25% in years 3 and 4,2% in year 5,.75% in year 6,.50% in year 7,.25% in year 8,% in year 9 , and 0.75% in year 0 . These fees will be paid quarterly, with equal installments within each year. a. How much will be the lifetime fees? b. How much will the VC invest?