Maroon has an expected return of 20%, and a variance of 0.014. Gray has an expected return of 19%, and a variance of 0.005. The covariance between Maroon and Gray is 0.08. Using these data, calculate the variance of a portfolio consisting of 20% Maroon and 80% Gray. 0.00680 0.03476 0.02936 0.17135 0.00312