Benjamin wants to invest his money and earns a real interest rate of 5% p.a. He estimates that the inflation rate would keep unchanged at 2.5% for the following 12 months. Use the full version of the Fisher Equation, which of the following is the minimum nominal interest rate (round to the nearest 0.01%) Benjamin should earn? a. 7.62% b. 3.50% c. 2.44% d. 7.50% e. 2.50%