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An endowment invests $150,360,000 in WeGrow II, an early-stage venture fund with a 20% incentive fee and a 5% preferred return [hurdle rate]. The fund

image text in transcribedimage text in transcribed An endowment invests $150,360,000 in WeGrow II, an early-stage venture fund with a 20% incentive fee and a 5% preferred return [hurdle rate]. The fund invests in the following companies (for simplicity, ignore staged financing and management fees; assume instead that all investments occur at the end of their denoted year): Required: a. Construct a set of yearly cash flows to WeGrow II and to the endowment. b. What is the IRR to the endowment, net of fees? Complete this question by entering your answers in the tabs below. Construct a set of yearly cash flows to WeGrow II and to the endowment. Note: Negative amounts should be indicated by a minus sign. What is the IRR to the endowment, net of fees? Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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