A U.S. MNC has a currency portfolio of $5 million cash inflows in Australian dollars and $15 million cash inflows in Euros. Suppose that the standard deviations of monthly percentage change of Australian dollar and Euro are 2% and 1%, respectively, and the correlation coefficient between the two currencies is 0.3. Assuming an expected percentage change of 0 percent for each currency during the next month, what is the maximum one-month loss of the currency portfolio? Use a 95 percent confidence level and assume the monthly percentage changes for each currency are normally distributed. -1.02 percent -1.26 percent -1.68 percent -1.84 percent