A portfolio has a starting value of $250 million. Assume the expected return is 1.2% over the next six months, with a standard deviation of 1%. Assume normal distributions. What is the value at risk at the 5% level?

A. Less than $1 million

B. Greater than or equal to $1 million but less than $2 million

C. Greater than or equal to $2 million but less than $5 million

D. Greater than or equal to $5 million