The Bruin Stock Fund sells Class A shares that have a front-end load of 5.65 percent, a 12b-1 fee of .25 percent, and other fees of .79 percent. There are also Class B shares with a 5 percent CDSC that declines 1 percent per year, a 12b-1 fee of 1.1 percent, and other fees of .79 percent. Assume the portfolio return is 12 percent per year.

a. What is the value of $1 invested in each share class if your investment horizon is 3 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

b. What if your investment horizon is 20 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.)