A portfolio has an average return of 10.9 percent, a standard deviation of 24 percent, and a beta of 1.8. The risk-free rate is 3.4 percent. What is the Sharpe ratio? (A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Leave your ratio answers as a decimal rounded to 5 places (e.g., 0.23546)).