A mutual fund with $$100$ million in assets under management incurs the following expenses. What is the fund's Management Expense Ratio?

Management expenses: $$2,000,000$

Brokerage fees: $$250,000$

Adviser compensation: $$800,000$

Administrative costs: $$200,000$

Total: $$2,250,000$

Select one:

a$.3\mathrm{.}25\%$

b$.3\mathrm{.}00\%$

c$.3\mathrm{.}05\%$

d$.2\mathrm{.}45\%$