Assume the following: A company is importing and selling Mercedes cars. An Islamic bank invests US$7 million for an 70% profit share. An investor invests US$3 million for a 30% profit share. The investor is to be paid a 15% management fee as percentage of profit after expenses.

Assume:

Sale proceeds = US$12, 400, 000 Expenses = US$200, 000

Requirement: Calculate total return to the bank and total return to the investor.