c. David has invested $600,000 to buy shares in Solar Energy Mutual Fund. Solar Energy Fund charges a 5.5\% front-end load, and an annual operating fund costs of 1.35% management fee and 0.65\% 12b-1 fee. The fund prospectus specified that the 5.5% front-end load is deducted from the original funds invested whilst the annual operating fund costs of 1.35% management fee and 0.65%12b1 fee are charged on the fund's end-of-year net asset value recorded on the book. Suppose that the gross annual rate of return on Solar Energy Fund is 14.5% per year, being paid on the last day of the year. i. What will David's investment on Solar Energy fund be worth at the end of Year 1 ? 5 marks ii. Suppose that David keeps his investments in Solar Energy fund for 3 years. Without making any withdrawal, David reinvests all the investable funds available at the end of Year 1 and again at the end of Year 2. What will David's investment on Solar Energy fund be worth at the end of Year 3 ? 6 marks Show all your calculations