Returns on stocks X and Y are listed below:

Period	1	2	3	4	5	6	7
Stock X	3%	-2%	9%	6%	-1%	-4%	11%
Stock Y	1%	-4%	7%	12%	3%	-2%	-1%

Consider a portfolio of 20% stock X and 80% stock Y.

What is the (population) variance of portfolio returns?

Please round your answer to six decimal places.

Note that the correct answer will be evaluated based on the full-precision result you would obtain using Excel.