Year o Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 -4964030.34 466657.49 485391.10 504499.38 523989.83 293870.09 564147.95 434831.37 605928.45 627447.48 82 After arranging for the loan, FGS realizes that they want to bring in a money partner (i.e. a limited partner) to provide the bulk of the equity financing. FGS finds an equity fund (DarkPebble Equity) that will put in 90% of the needed equity. FGS will put in 10% of the equity. Here is the structure of the equity waterfall: Tier 1 - Pari Passu until the LP has achieved a 7% IRR. Tier 2 - 15% to FGS and 85% to DarkPebble until LP achieves a 10% IRR Tier 3 - 25% to FGS and 75% to DarkPebble until LP achieves a 12% IRR Tier 4 - 50% to FGS thereafter. Note: You will have to add a new tier to the model to make it work 18. What is the IRR for DarkPebble in Tier 2 before Tier 3 distribution? Please answer with two decimal places with positive values only. Enter the percentage as you would with the % symbol, such as 17.50 for 17.50%