Equity Fund Ltd sells two types of share, A and B. A shares are sold with front-end load fee of 9% whilst Type B shares are not subject to front-end load fee but are charged to investment management fee of 5% per annum as well as exit (back-end load) fee that start at 24% and reduce by 3% for each full year the investor holds the portfolio (until the 8th year). The annual rate of return for both types of share is 18%. (a) Calculate the value of Rs 500,000 investment made by investor Mr Aaron in Type A shares if the shares are disposed after (i) 1 year and (ii) 6 years. [ 8 Marks] (b) Calculate the value of Rs 500,000 investment made by investor Mrs Abegale in Type B shares if the shares are disposed after (i) 1 year and (ii) 6 years. [14 Marks] (c) As an analyst, which types of share will you recommend the investor to buy? [ 3 Marks]