Complete this question by entering your answers in the tabs below. What would be the ending equity value \{MVEE)? (Do not round intermediato calculations. Enter your answer in millions rounded to 2 decimal placesi) A commercial real estate investment fund must report its quarterly investment performance to investors. A summary of its (i) beginning and end-of-quarter assets and equity and (2) cash inflows and outhlows during the quarter are as follows: Other investments will earn 4% interest ( 1% per quarter) and property debt will be at a 6% rate (1.5\% per quarter) The properties were appraised at the end of the quarter for $674 miltion Assume any interest on short-term investments is offset by interest paid on shortterm debt. Required: o. What would be the beginning equity value? b. What would be the ending equity value (MVEE)? c. Assuming that all cash flows from operatons, equity contributions, acquisitions, and distributions occurred at the end of the quarter, what would be the quarterly return (IRR)? d. Assume that all cash distributions to investors occurred equally in 30-day intervals during the quarter (lnvestor contributions still occur at the end of the quarter) What would be an approximation to the IRR using the Modified Dietz approach? e. Assume that all cash distributions to investors occurred equally in 30-day intervals during the quarter What would the return be before fees? (investor contributions still occur at the end of the quarter) f. Assume that all cash distributions to investors occurred equally in 30 -day intervals during the quarter. What would be return at the property level? dinvestor contributions stil occur at the end of the quarter) Complete this question by entering your answers in the tobs below. What would be the beginning equity value? (Do not round inturaedlate calculationa Entor vour answer in millions.) Complete this question by entering your answers in the tabs below. Assume that all cash distributions to investors occurred equally in 30-day intervals during the quarter. (Investor contributions still occur at the end of the quarter.) What would be an approximation to the IRR using the Modified Dietz approach? (Do not round intermediate-calculations, Round your finat answer to 2 decimal places.) Intemal rate of return using the Modfled Dietz upproach Complete this question by entering your answers in the tabs below. Assume that all cash distributions to imvestors occurred equally in 30 -day intervals during the quarter. What would the return be before fees? (Investor contributions still occur at the end of the quarter.) (Do not round intermediate calculations. Found your final answer to 2 decimal places.) Complete this question by entering your answers in the tabs below. Assume that all cash distributions to investors occurred equally in 30 -day intervals during the quarter. What would be return at the property level? (Investor contributions still occur at the end of the quarter.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Complete this question by entering your answers in the tabs below. Assuming that all cash flows from operations, equity contributions, acquisitions, and distributions occurred at the end of the quarter, what would be the quarterly return (IRR)? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)