You are evaluating the performance of a portfolio managed by an active fund manager. You have gathered the following market and portfolio metrics for the recent year:

Actual Return on the portfolio (Rp): 18% 
Risk-Free Rate of Return (Rf): 6%
Expected Return on the Market Index (Rm): 14%
Beta of the portfolio (B): 1.25
Standard Deviation of the portfolio: 12%

Based on the Capital Asset Pricing Model (CAPM) and Jensen's Alpha, which of the following combinations correctly identifies the portfolio's expected return as per CAPM, its Jensen Alpha, and the most accurate evaluation of the manager's performance?

**Options**:

A) **Expected Return:** 16.00% | **Alpha:** 4.00% | **Evaluation:** The fund manager outperformed the benchmark by generating returns that beat the makret.

B) **Expected Return:** 16.00% | **Alpha:** (-)2.00% | **Evaluation:** The fund manager underperformed because the generated alpha failed to compensate for the systematic risk taken. 

C) **Expected Return:** 16.00% | **Alpha:** 2.00% | **Evaluation:** The fund manager successfully added value by generating positive excess returns above the risk-adjusted CAPM required rate. 

D) **Expected Return:** 23.50% | **Alpha:** (-)5.50% | **Evaluation:** The fund manager underperformed because the manager took on too much systematic risk without generating sufficient compensation.