The Emerging Growth and Equity Fund is a "low$-$load" fund. The current offer price quotation for this mutual fund is $$16\mathrm{.}28,$ and the front$-$end load is $1\mathrm{.}7$ percent.

a$.$ What is the NAV?

Note: Round your answer to $2$ decimal places.

Answer is complete and correct.

$\backslash$table$[[$Net asset value,$5,15\mathrm{.}99]]$

b$.$ If there are $27\mathrm{.}6$ million shares outstanding, what is the current market value of assets owned by the fund?

Note: Do not round intermediate calculations. Round your answer to the nearest whole number.

Answer is not complete.

Market value of assets