For a Carnot refrigerator, coefficient of performance is:
\[
COP=\frac{T_L}{T_H-T_L}
\]
where,
\[
T_L=\text{lower temperature}
\]
and
\[
T_H=\text{higher temperature}
\]
The refrigerator operates between:
\[
40^\circ C
\]
and
\[
25^\circ C
\]
Convert temperatures into Kelvin:
\[
T_H=40+273=313K
\]
\[
T_L=25+273=298K
\]
Now apply the formula:
\[
COP=\frac{298}{313-298}
\]
\[
COP=\frac{298}{15}
\]
\[
COP=19.86
\]
The nearest option is:
\[
19.88
\]
Therefore, the coefficient of performance is:
\[
19.88
\]