The Endowment was created and composed of $1.85 billion. The current budget us $632 million, where the endowment is projected to contribute 4.3% of that budget to current assets. Inflation is expected to be 2.3% for the next year. What is the minimum required rate of return on the endowment assets for next year to perserve the endowment asset base? A. 3.8% B. 1.37% C. 6.20% D. 1.47%