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As at 3 1 st December, 2 0 2 2 Total LP s committed capital = $ 5 , 0 0 0 , 0 0

As at 31st December, 2022
Total LPs committed capital = $5,000,000
The first capital call was made on 1st January, 2017 of $1,000,000, and it exited with a return of $3,000,000 on 31st December, 2020
The second capital call was made on 1st January, 2019 of $3,000,000, and it exits with a return of $6,000,000 on 31st December, 2022
a. Write an equation to solve this investment's internal rate of return (IRR).
b. Calculate the distribution to paid-in capital (DPI) for the investment on 31st December 2022.
c. Calculate the total value to paid-in capital (TVPI) for this investment on 31st December 2022 if the unrealised value was $2,500,000 at the current market valuation.

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