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with $100 million in assets. Your fee structure provides for a 2% annual management fee with a 20% incentive fee on returns over a
with $100 million in assets. Your fee structure provides for a 2% annual management fee with a 20% incentive fee on returns over a 5% benchmark. Incentive fee is paid on returns before consideration of the management fee. If the gross NAV at the end of the 1st year is $130 million and at the end of the second year gross NAV is $140 million, what are total fees paid for year 2?
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