Suppose you purchased 2,000 shares in the New Pacific Growth Fund on January 2, 2022, at an offering price of $47.10 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 2 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 8 percent during 2022, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific Growth Fund is 1.95 percent, what is your total return from this investment? (Assume that the operating expense is netted against the fund’s return.) What do you conclude about the impact of fees in evaluating mutual fund performance?