Cerra Co$.$ expects to receive $5$ million euros tomorrow as a result of selling goods to the Netherlands. Cerra estimates the standard deviation of daily percentage changes of the euro to be $1\mathrm{.}5$ percent over the last $100$ days. Assume that these percentage changes are normally distributed. Using the value$-$at$-$risk $($VAR$)$ method based on a $95\%$ confidence level, what is the maximum one$-$day loss if the expected percentage change of the euro tomorrow is $0\mathrm{.}65\%?$

a$)-0\mathrm{.}65\%$

b$)-2\mathrm{.}21\%$

c$)-1\mathrm{.}54\%$

d$)-1\mathrm{.}83\%$