trying to check my work, thank you.

The Exploratory Fund is a new closed-end fund which just offered its shares to the public. The fund ralsed $66 5 million and each share sold for $10. The fee for the fund promoter was 5.75 percent of the initial proceeds. What was the value of your initial $22,000 purchase before the shares began trading in the marketplace? $19,100 O $18,700 O $20,735 O $20,000 $18,400