****PLEASE PROVIDE SOLUTION AND ANSWER (A-E)*****

this question has already been answered on Chegg twice with the same answer, and it's wrong so do not post the same answer. And please provide a step-by-step solution so I can see how to solve future problems.

The average historical annual return on a stock is 7.16%, with a standard deviation of 44.35%. What is the 97.5% annual value-at-risk (VaR) on a $1 million investment in this stock?

a. -$371,900

b. -$443,000

c. -$815,400

d. -$975,000

e. -$1,000,000

EDIT: These are the answers options in the quiz. So one of them has to be correct