please do it correctly

A fund had an opening value of 2m on 1 January 2005 and closing value of 2.4m on 1 January 2008. A cashflow of 500k was received on 1 July 2005 and 500k was paid out on 1 January 2007. The fund had a value of 2.3m and 2.6m on 30 June 2005 and 31 December 2006, respectively. a) Calculate the annual Money Weighted Rate of Return over the period. (Hint: It is between 5% and 6%). b) Calculate the annual Time Weighted Rate of Return over the period. c) Explain why the two measures differ significantly. Given one advantage of using each of the two measures