ABC invests $10,000 in XYZ mutual fund. XYZ mutual fund imposes front-end load of 1.8%, total operating expense of 0.6% per year, and back-end load starting at 5% that decreases by 1% per full year of staying invested. If the gross return of XYZ fund is 7% per year then ABC's investment grows to $_____________ after 9 years of investment. Note: The back-end load cannot be lower than 0%