One year ago, Robert invested US\$100,000 with RMF (Rex Platinum Mutual Funds, RPMF). For its premier balanced portfolio (RBALF) RPMF charges a 5\% load and annual expenses of 1.5% (charged over the average assets for the year). During this year, RBALF's gross return amounted to 20%. What was Robert's return in the first year of the investment with RBALF? (Round it to the second decimal place X.XX\%) Selected Answer: [None Given] Answers: a. 8.35% b. 12.43% c. 2.29% d. 12.29%