I. Larry (LP) invests $100,000 in a VC fund run by Gary (GP). Gary is under 2/20 compensation plan. Interest does not accrue on the dividends. Gary invests $100,000 in a firm run by Edwin (Entrepreneur). The pre-money value of Edwins firm is $400,000. In five years, the firm sells for $4,000,000. Each part below is worth 5 marks. Answer the following: a) What is the payoff to Edwin the Entrepreneur? b) What is the payoff to Gary the General Partner? c) What is the payoff to Larry the Limited Partner?