Kenny invested $5,000 in a mutual fund, one year ago, when the offering price was $23.65 per share and the NAV was $23.02 per share. There were no distributions made by the fund. The current offering price is $27.71 per share and the NAV is $27.08 per share. What is Kenny's return for the year?

8.22%

14.50%

23.76%

17.17%

20.37%