Problem $20-11($Algo$)$

Required:

A hedge fund with $$1\mathrm{.}3$ billion of assets charges a management fee of $2\%$ and an incentive fee of $20\%$ of returns over a money market rate, which currently is $4\%.$ Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of: $($Enter your answers in millions rounded to $1$ decimal place.$)$

$\backslash$table$[[\backslash$table$[[$Portfolio Rate$],[$of Return $(\%)]],\backslash$table$[[$Total Fee$],[($$ million$)]],\backslash$table$[[$Total Fee$],[(\%)$