To determine the Sharpe ratio for a portfolio of Mexican equities compared to the IPC Index, consider the following details:

• Expected return of the portfolio: 8.7%
• Volatility of the portfolio's returns: 12.0%
• Expected return of the IPC Index: 4.0%
• Volatility of the IPC Index’s returns: 8.7%
• Risk-free rate of return: 2.0%
• Beta of the portfolio in relation to the IPC Index: 1.4%

What is the Sharpe ratio for this portfolio?