Venture capitalists (VCs) receive money from investors and use it to fund entrepreneurs by investing in equity in start up businesses and, after a few years, selling that equity to make a profit. They receive two types of income, (i) 2% of the fund they are investing as a management fee (ii) 20% of the profit. Typically, a VC is investing in multiple businesses at any given time. For five different VCs, the income last year was: VC Management Fee (Sm) Profit (Sm) A 1.2 12.0 B 3.4 23.0 C 3.2 2.8 8.2 16.5 a. Which VC is managing the largest fund? How can you tell? b. Which VCs have 100% of their income from the management fee? Why would this be? c. What percentage of VC B's income comes from profits? d. Draw a graph comparing the 5 VCs income and how it is split between management fee and profit.