Pokemon Partners is a private equity fund that raised $100 million in committed capital at inception with a 2% management fee and 20% incentive fee. In Year 1, Pokemon drew down $40 million and did not return any capital to investors. The fund's fees in Year 1 are:

A. $800,000.

B. $8,800,000.

C. $2,000,000

D. $2,800,000