Jarvis University (JU) is a private, multi-program U.S University with a $2billion endowment fund. JU is heavily dependent on its endowment fund to support ongoing expenditures. The endowment fund must make $126 million annual contribution, which is indexed to U.S education cost inflation index (which is at 3%). The endowment fund has also budgeted $200 million to construct a new library. (i) What is JU required return? (1 marks) (ii) What is JUs risk tolerance? (1 marks) (iii) Outline JUs five constraints (1 marks)