At the start of the year, the value of assets managed by Bank Hedge Fund was $180 million. Over the year, the fund earned a gross return of 15% compared with the market index return of 10%. The fund manager charges a management fee of 2% of the asset value at commencement, and a performance fee of 20% above the market benchmark. Calculate the following information:
The management fee is $__________ million.
Excess dollar return above the market is $__________ million.
Performance fee is $__________ million.
Total fees earned by the manager over the year are $__________ million.