You have $8,000 to invest in a mutual fund. You choose a fund with a 2.5 percent front load, a 1.25 percent management fee, and a 0.5 percent 12b-1 fee. Assume, for simplicity, that the management and 12b1 fees are charged on year-end assets. The gross annual return on the fund's shares was 10.65 percent. What was your net annual rate of return to the nearest basis point? 7.13 percent 6.00 percent 7.26 percent 5.85 percent 6.12 percent