BADM 634 INVESTINTG IN NEW VENTURES QUIZ 1 (closed book and note, and phone and other devices, open mind) CHAPTER COVERAGE: chapters1-2) Question 1 Victoria Ventures has raised their $800M fund, Victoria Ventures, with terms as given in Appendix 2.C of the Metrick and Yasuda (2d ed. , 2009). The management fees given in this appendix are as follows. Management Fees All management fees are computed based on committed capital. These fees are 2 percent in years 1 and 2, 2.25 percent in years 3 and 4, 2 percent in year 5, 1.75 percent in year 6, 1.50 percent in year 7, 1.25 percent in year 8, 1 percent in year 9, and 0.75 percent in year 10 through 20 These fees will be paid quarterly, with equal installments within each year Problem Given this description, what are the lifetime fees and investment capital for this fund? (please show your work