. Suppose that the following two funds all with committed capital of $100N have combined to form a syndicate to invest in Alpha Fintech. I. ABC fund, management fees of 2.5% per year of committed capital for all 10 years. II. DEF Fund, management fees of 2.5% per year for the first 5 years, then decreasing by 25 basis points per year in each year from 6 to 10. All fees are calculated based on committed capital. a. Suppose that each fund in the syndicate invests $5M in Alpha Fintech. What is the LP cost of each fund? b. It is possible that the two funds could agree on all the assumptions to the VC method, but still disagree about the wisdom of making this investment. Explain the economic logic behind this possibility. 15 points