Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows:

Stock	Shares	Price	Market Value
W	1,100		$12		$13,200
X	1,300		17		22,100
Y	1,600		24		38,400
Z	900		18		16,200
					$89,900

The fund began by selling $55,000 of stock at $10.00 per share. What is its NAV? Do not round intermediate calculations. Round your answer to the nearest cent.

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