8. (3 points) You want to evaluate three mutual funds using the Sharpe ratio for performance evaluation. The risk-free rate during the sample period is 6%. The average returns, standard deviations, and betas for the three funds are given below, as are the data for the S&P 500 Index. Fund A Fund B Fund C S&P 500 Average Return 24% 12% 22% 18% Standard Deviation 30% 10% 20% 16% Beta 1.5 The fund with the highest Sharpe ratio 0.5 is 1.0 A) Fund A. 1.0 B) Fund B. C) Fund C. D) Funds A and B (tied for highest). E) Funds A and C (tied for highest)