You pay $23,400 to the Laramie Fund, which has a NAV of $27 per share at the beginning of the year. The fund deducted a front-end load of 4%. The securities in the fund increased in value by 10% during the year. The fund's expense ratio is 1.4% and is deducted from year-end asset values. What is your rate of return on the fund if you sell your shares at the end of the year? 4.12% 14.40% 16.00% 17.50%