Alex Invested $10,000 in a Mutual Fund Two and One-Half

Alex invested $10,000 in a mutual fund two and one-half years ago when the NAV of the fund was $25.Today,the NAV has risen to $28.30.Since the time of his original investment,Alex has obtained an additional 54.36 shares by reinvesting the fund distributions.The fund charges a contingent deferred sales charge of 6 percent the first year with the charge decreasing by 1 percent each year.How much money will he receive if he redeems his shares today?

A) $11,633.78
B) $11,930.52
C) $12,344.05
D) $12,858.39
E) $13,501.31