Suppose you transfer $5,000 to your mutual fund account at the beginning of the year. After you paid a front-end load of 4%, you bought shares of the New Fund (a mutual fund) at a price of $10 per share. The securities in which the fund invests increase in value by 12% during the year. The funds expense ratio is 1.2%. What is the rate of return on your investment if you sell your shares at the end of the year? (Note: Ignore taxes in your calculations. Hint: Keep in mind that your initial investment is $5,000.)