The Profitability Fund Had NAV Per Share of $17

The Profitability Fund had NAV per share of $17.50 on January 1, 2012.On December 31 of the same year, the fund's NAV was $19.47.Income distributions were $0.75, and the fund had capital gain distributions of $1.00.Without considering taxes and transactions costs, what rate of return did an investor receive on the Profitability Fund last year

A) 11.26%
B) 15.54%
C) 16.97%
D) 21.26%
E) 9.83%