Maroon has an expected return of 24%, and a variance of 0.015. Gray has an expected return of 18%, and a variance of 0.004. The covariance between Maroon and Gray is 0.08. Using these data, calculate the variance of a portfolio consisting of 55% Maroon and 45% Gray.

0.01005

0.00839

0.04385

0.21201

0.04495