When Fund $H$ started on $\frac{1}{1}\frac{?}{21},$ it had $$318,225,000$ in assets under management $($AUM$).$ The annual holding period return was $3\mathrm{.}65\%$ in $2021,-20\mathrm{.}48\%$ in $2022,$ and $31\mathrm{.}48\%$ in $2023.$ Some investors redeemed shares, resulting in a net cash outflow of $$120,204,000$ on $\frac{12}{31}\frac{?}{21}.$ There were also new investors buying the fund shares, resulting in a net cash inflow of $$27,885,000$ on $\frac{12}{31}\frac{?}{22}.$ The dollarweighted average return of the fund is $\%$ per year during the three$-$year period.

Multiple Choice

$3\mathrm{.}55$

$3\mathrm{.}86$

$5\mathrm{.}12$

$4\mathrm{.}32$

$2\mathrm{.}97$