Economy fund charges a front-end load of 5%, but has no 12b-1 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 15 years? a) $20,415.80 b) $26,439.05 c) $22,253.22 d) $24,256.01 e) $28,109.33