Q.3173 Rohit Sharma is a treasury manager at Zannata Industries, a large industrial unit producing equipment for farming. Rohit is analyzing a fund to park some of Zannata’s excess cash. He has come across Kratnik Fund, a mutual fund with an average annual return of 12% over the last five years, a beta value of 1.35, and standard deviation of returns of 16.80%. During the same time period, the average annual central bank discount rate was 4.5% and the average annual return on the SENSEX 100 index was 18%. Using this information, the Sharpe ratio for the Kratnik Fund is closest to: