East West Investors currently hold an equity investment of 5 million shares in an IT joint venture company. These shares are currently worth $1.75 each. Comparator company shares have a beta of 1.2. Over the last 12 months, the market portfolio proxied by the ASX200 has had an average daily return of zero and a daily standard deviation of 1.35 per cent. East West's potential daily loss on this equity investment (i.e. at-risk amount), assuming 95% confidence, is closest to: $194,000 $224,000 $266,000 $181,000 $233,000