Manning Corporation intending to invest into a mutual funds $ 200,000. They are evaluating two mutual funds for an investment of $200,000. Mutual fund A has $20,000,000 in assets, an annual expected return of 14 percent, and an annual standard deviation of 19 percent. Mutual fund B has $8,000,000 in assets, an annual expected return of 12 percent, and an annual standard deviation of 16.5 percent. What is the daily value at risk (VAR) of Manning Corporation’s portfolio at 5 percent if he invests his money in mutual fund A?