Which of the following hedge funds offer the best return-to-risk profile based on William Sharpes information ratio given the fact that the benchmark offered an 8.5% return?

(1) Fund A 17.0% return, tracking error 6.8%, beta 1.8

(2) Fund B 24.0% return, tracking error 9.3%, beta 2.1

(3) Fund C 28.0% return, tracking error 12.8%, beta 2.7

(4) Fund D 10.0% return, tracking error 3.5%, beta 1.3

PLEASE SHOW CALCULATION IN EXCEL