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Assume a $100 million fund with an 8% annual preferred return, where the sponsor contributed 10% of the funds capital. Assume that the fund liquidates

Assume a $100 million fund with an 8% annual preferred return, where the sponsor contributed 10% of the funds capital. Assume that the fund liquidates in one year after earning $32 million in profits. What would the sponsor earn assuming a 20% promote?

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