Here are data on three hedge funds. Each fund charges its investors an incentive fee of 20% of total returns. Suppose in that a fund of funds manager buys equal amounts of each of these funds and also charges its investors a 20% incentive For simplicity, assume also that management fees other than incentive fees are zero for all funds Hedge Fund 1 Hedge Fund 2 Hedge Fund 3 AUM (initial) 100 100 100 Gross return 12 13 14 (%) What is the value of the incentive fee for the fund of funds if the funds of funds has a 300 initial AUM? Select one: O 3.00 O 1.76 O 3.26 O 2.26 O 6.24