The following data are available relating to the performance of Sooner Stock Fund and the market portfolio:

	Sooner		Market Portfolio
Average return	20	%	11	%
Standard deviations of returns	44	%	19	%
Beta	1.8	%	1.0	%
Residual standard deviation	2.0	%	0.0	%

The risk-free return during the sample period was 3%. What is the Treynor measure of performance evaluation for Sooner Stock Fund?

Answer choices: 37.14%

1.33%

9.44%

8.67%

Please show all work and steps!