A portfolio has an average return of 11 percent, a standard deviation of 28.9 percent, and a beta of 1.61. The risk-free rate is 2.3 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))