$)$ Consider the following information regarding the performance of a money manager in the recent month. The table presents the actual return of each sector of the manager$$s portfolio in column $(1),$ the actual portfolio weights allocated to each sector in column $(2),$ the benchmark weights in column $(3),$ and the returns of sector indexes in column $(4).$ Additional calculations are conducted in columns $(5)(8).$ E$.$g$.,$ column $(5)=$ column $(2)$ minus column $(3)$; column $(7)=$ column $(5)$ multiplied by column $(4),$ etc.

$(1)(2)(3)(4)(5)=$

$(2)-(3)(6)=$

$(1)-(4)(7)=(5)$x$(4)(8)=(6)$x$(2)$

Actual Return Actual Weight Benchmark Weight Index Return Excess weight Excess return

Equity $7\mathrm{.}00\%0\mathrm{.}80\mathrm{.}65\mathrm{.}00\%0\mathrm{.}22\mathrm{.}00\%0\mathrm{.}010\mathrm{.}016$

Bonds $-1\mathrm{.}00\%0\mathrm{.}10\mathrm{.}31\mathrm{.}00\%-0\mathrm{.}2-2\mathrm{.}00\%-0\mathrm{.}002-0\mathrm{.}002$

Cash $0\mathrm{.}50\%0\mathrm{.}10\mathrm{.}10\mathrm{.}50\%00\mathrm{.}00\%00$

Sum $0\mathrm{.}0080\mathrm{.}014$

Based on the calculations in the above table, what is the contribution of security selection to the manager's performance relative to benchmark?

A$)0\mathrm{.}01$

B$)0\mathrm{.}016$

C$)0\mathrm{.}008$

D$)0\mathrm{.}014$