A Mutual Fund Had NAV Per Share of $16

A mutual fund had NAV per share of $16.75 on January 1, 2012.On December 31 of the same year the fund's rate of return for the year was 26.6%.Income distributions were $1.79 and the fund had capital gain distributions of $2.80.Without considering taxes and transactions costs, what ending NAV would you calculate

A) $17.44
B) $13.28
C) $14.96
D) $17.25
E) $16.62