The Holt fund has $425 million in assets, 85 million in debt and 16 million shares at the start of the year. At the end of the year, the fund has $490 million in assets, 62 million in debt and 18 million shares. During the year, investors received $1.40 in distributions per share. The total expense ratio is 0.8%, which is deducted at the end of the year. What is the rate of the return on the fund?

Group of answer choices

14.54%

20.79%

22.85%

17.46%

25.73%