vestment management firm located in the United States. Bailev ager serving the firm. Gibbons is managing the Global Developing ecourse. The assets under management and the net returns management . Recourse Associates is an Market Equity Fund (GDMEF at asse generated by the fund over the previous three years applicable tax rate is 30%, returns are prior to considering the effects of taxes and inflation. %. Net are summarized in an and inflation is expected to remain stable at a rate of 1.5 Net Assets Under Management at the Beginning of the Year ($) Year 10 milliorn 15 million 18 milliorn The real after-tax return of the fund in Year 2 is closest to: A197% B.2.41% C35000