Very tough question. Solve carefully.

Example Time Weighted Rate of Return Strubeck Corporation sponsorsa pension plan for its employees. It manages part of the equity portfolio in house and delegates management of the balance to Super Trust Company. As chief investment officer of Srubeck, you want to review the performance of the in-house and Super Trust portfolios over the last four quers. You have arranged for cutflows and inflows to the portfolios to be made at the very beginning of the quarter. Fake summarizes the inflows and outflows as well as the two portfolios' valuations. In the table, the ending value is the portfolio's value just prior to the cash inflow or outflow at the beginning of the quarter The amount invested is the amount each portfolio Manager is responsible for investing Cash Flows for the In-House Strubeck Account and the Super Trust Account Table 5. Quarter 2 (5) 3 (S) 4 (5) In-House Account Beginning value 4,000,000 Beginning of period inflow (outflow) 1,000,000 5,000,000 6,000,000 6,000,000 (500,000) 5,500,000 5,775,000 5.775.000 225.000 6,000,000 6.720,000 6,720,000 (600.000) 6,120,000 3.508,000 Amount invested Ending value Super Trust Account Beginning value 10,000,000 13.200,000 12,240,000 5,659,200 Beginning of period inflow (outflow) 2,000,000 (1.200,000) (7,000,000) (400,000) 12,000,000 12,000,000 5.240,000 5,259,200 13.200,000 12,240,000 5,659,200 5,469,568 Amount invested Ending value Based on the information given, address the following 1. Calculate the time weighted rate of return for the in-house account 2. Calculate the time-weighted rate of return for the Super Trust account