An investor has two stocks in her portfolio: Apple and Banana. The weights are 30% for Apple and 70% for Banana. There are three possible economic states in the future, and the stock returns in these states are shown below. The risk-free rate is 1% and the expected market return is 8%. Please calculate the Sharpe ratios for Apple, Banana and the portfolio.

	Probability	Apple	Banana
State 1	0.25	12%	20%
State 2	0.5	7%	5%
State 3	0.25	1%	-10%