Andalusia Capital Partners (ACP) is a hedge fund that specialise in small-cap equities. Their portfolio exhibits the following characteristics:Average returns in excess of the market return: 3%Volatility of returns in excess of the market return: 26%Assets under management: $100 millionACP uses the standard "2 and 20" fee structure; that is, they charge 2% of assets under management and, in addition, charge 20% of returns in excess of the market return.The risk free rate is 2% and the market risk premium is 5%.Required: What is ACP's expected fee income stated in millions of dollars?