Question

NMG Fund began investing with $50 million, and received an additional $20 million in year 1. However, they had to distribute $40 million in year 2. By year 3, the funds had grown to $100 million. What is the MWR of the fund?

          NMG Fund began investing with $50 million, and received an additional $20 million in year 1.
However, they had to distribute $40 million in year 2. By year 3, the funds had grown to $100
million. What is the MWR of the fund?

Added by Patricia D.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

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a) 17.25%b) 15.77%c) 27.55%d) 27.25% NMG Fund began investing with $50 million, and received an additional $20 million in year 1. However, they had to distribute $40 million in year 2. By year 3, the funds had grown to $100 million.What is the MWR of the fund?