Hello all!

I would like to ask the RIO community, what are the conditions for a 4bet/call with AQo to be +EV?

Here are my assumptions:

We are CO vs BTN with AQo , We open 3x  Btn 3bets to 9x , Blinds fold.

If we 4bet and villain folds ----> we win  13,5 big blinds. (9 + our 3x open + 1.5)

If we 4bet and villain shoves with a range of 5% (like TT+,AQ+) we have 34% equity against this range so if we call we lose ---> 34% * 100 - 66% * 100 = 32 big blinds.

If we 4bet/fold we lose our 4bet size something like 22 big blinds (minus our 3x open) 19bb.

So my conclusions are :

-the 4bet/call needs villain to shove AJ or Ax some % of the time to be +EV

-4bet/fold has to work 57% of the time so it is +EV if villain 3bet a range at least equal to 11.2% and shoves with only top 5%

Please give me your opinions about it and correct me if I'm wrong, I find it very surprising to see so many players 4bet calling with AQ in many situations, so I assume my calculations must be wrong somewhere.