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A mutual fund has the following portfolio. Stock Shares Price A 200,000 $35 B 300,000 40 C 400,000 20 D 600,000 24 The fund has

A mutual fund has the following portfolio. Stock Shares Price A 200,000 $35 B 300,000 40 C 400,000 20 D 600,000 24 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $25,000. There are 4 million shares outstanding. What is the net asset value of the fund? (Use two decimal places)

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