Economy fund charges a front-end load of 2%, but has no 12b1 fee. Assume the rate of return net of operating expenses is 7.5% per year for the fund and initial investment of $10,000. How much is the value of the fund in 12 years? a) $26,439.05 b) $22,865.08 c) $20,415.80 d) $22,253.22 e) $23,341.44