Mark owns $539\mathrm{.}93$ shares of a fund which has a current NAV of $$85\mathrm{.}22.$ He has owned all these shares for $3\mathrm{.}4$ years. The fund charges a contingent deferred sales charge which starts at $6\%$ for the first year and declines by $1\%$ each year thereafter. How much cash will he receive if he redeems all of his shares today?

Multiple Choice

$$43,712\mathrm{.}19$

$$44\mathrm{.}172\mathrm{.}32$

$$44,632\mathrm{.}45$

$$47,393\mathrm{.}22$