You are provided the monthly returns data for an investment fund and its benchmark for the last five months. The fund returned 1.2%, 1.7%, 0.7%, 2.2%, and -0.9% in these five months respectively. The benchmark returned 1.5%, 0.4%, 0.4%, 0.5%, and - 1.0% in the corresponding five months. The risk-free asset has an effective annual return (EAR) of 1% during these five months. The beta of the fund is 0.4886. What is the Treynor Ratio of the fund using annualized numbers? 0.2278 0.2336 0.2395 0.2453 0.2511