Maroon has an expected return of $20\%,$ and a variance of $0\mathrm{.}012.$ Gray has an expected return of $16\%,$ and a variance of $0\mathrm{.}008.$ The covariance between Maroon and Gray is $0\mathrm{.}06.$ Using these data, calculate the variance of a portfolio consisting of $40\%$ Maroon and $60\%$ Gray.

$0\mathrm{.}18330$

$0\mathrm{.}03440$

$0\mathrm{.}00960$

$0\mathrm{.}03360$

$0\mathrm{.}00509$