Use Table 8 to answer the next two questions. Assume the committed capital is $100, the management fee is 2.00%, and the carried interest is 20.00%. Year Called-down Paid in capital Mgmt Fees 2015 $26 2016 $31 2017 $21 2018 $10 2019 $12 What is the NAV after distribution in 2018? O $116.62 O $127.02 O $121.62 O $122.02 Table 8 Operating NAV before Carried NAV after Results Distributions Interest Distributions Distributions -$14 $6 $11 $46 $5 $10

Use Table 8 to answer the next two questions. Assume the committed capital is $100, the management fee is 2.00%, and the carried interest is 20.00%. What is the NAV after distribution in 2018? $116.62 $127.02 $121.62 $122.02