Exactly one year ago, you purchased $8,000 worth of a mutual fund at an offering price of $41.40 a share. The fund has a front-end load of 5 percent and a back- end load of 2% on redemptions during the first year. The underlying assets in the mutual fund have appreciated by 12% over the past year (including reinvested dividends). The annual operating expenses include 12b-1 fees of 0.25% and management fees of 0.80%. If you redeem (sell back) your shares today, what is the total return on your investment? (Assume operating expenses are netted against the fund's return.) 10.95% O 2.24% 3.29% 8.72% O 5.40%