You have $18,000 to invest in a mutual fund. You choose a fund with a 4.5 percent front load, a 1.80 percent management fee, and a 0.5 percent 12b-1 fee. Assume, for simplicity, that the management and 12b-1 fees are charged on year-end assets. The gross annual return on the fund's shares was 14 percent. What was your net annual rate of return to the nearest basis point?