The Emerging Growth and Equity Fund is a "low-load" fund. The current offer price quotation for this mutual fund is $15.78, and the front-end load is 1.25 percent. What is the NAV? (Round your answer to 2 decimal places. Omit the "S" sign in your response.) If there are 20 million shares outstanding, what is the current market value of assets owned by the fund? (Do not round intermediate calculations and round market value answer to the nearest whole dollar. Omit the "S" sign in your response.)