Gabriel Fund is a small group of angel investors. They spend a lot of time evaluating startups worthy of investment, and their record suggests they will be successful 25% of the time. Several years ago, Gabriel committed $20 million equally across four startup firms. Only one of those has come through with positive cash flow back to the fund. That consisted of $1 million at the end of the fourth year of the relationship with Gabriel. Another $2 million was returned to Gabriel at the end of the fifth year. At that time, the startup gave Gabriel four million shares of stock. Finally, Gabriel was able to sell its shares three years later (at the end of the eighth year) for $20 per share. Given this, what was Gabriel's overall return on investment from these four startups?

Group of answer choices

about 20%,

ROI about 63%

about 44% ROI