Assumeyouareallocatingyourportfoliooptimallybetweenthemarketandthree hedge funds. If the market Sharpe ratio is 0.4, hedge fund 1's information ratio is -0.4, hedge fund 2's information ratio is 0.4, hedge fund 3's information ratio is -0.4 (assuming all the hedge funds' idiosyncratic returns are uncorrelated). What is the Sharpe ratio of your optimal portfolio?

A. 0.64 B. 0.89 C. 0.4 D. 0.8 E. 1.6