You Pay $21,600 to the Laramie Fund, Which Has a NAV

You pay $21,600 to the Laramie Fund, which has a NAV of $18 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 1.3% 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?

A) 4.35%
B) 4.23%
C) 6.45%
D) 5.63%