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An investor-partner has invested $95 million in a real estate development project and the developer-partner has invested $5 million. The investor-partner gets an 8% preferred

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An investor-partner has invested $95 million in a real estate development project and the developer-partner has invested $5 million. The investor-partner gets an 8% preferred non- cumulative distribution, followed by a 5% non-cumulative distribution to the developer-partner, and any thing in excess is split 50%/50%. If in a year there is $10 million of cash available for distribution, how much will the developer-partner receive? O 1,325,000 8,675,000 5,250,000 O 1,400,000

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