The underlying value (per share) of a mutually fund's assets minus liabilities is $65.58. The underlying value of the mutual fund's assets minus liabilities was $44.01 last year. If the mutual fund paid out dividends of $1.10 per share and had capital gains distributions of $1.50, what was the return on this mutual fund over the last year?

Group of answer choices

58.82%

48.11%

54.92%

50.11%