The Yachtsman Fund Had NAV Per Share of $36

The Yachtsman Fund had NAV per share of $36.12 on January 1, 2012.On December 31 of the same year the fund's NAV was $39.71.Income distributions were $0.64 and the fund had capital gain distributions of $1.13.Without considering taxes and transactions costs, what rate of return did an investor receive on the Yachtsman Fund last year

A) 22.92%
B) 17.68%
C) 14.39%
D) 18.52%
E) 14.84%