Risk manager Camila De Leon of Johnson Chemicals is considering two options for the$$ firm's supplier portfolio. Option $1$ uses two local suppliers. Each has a$$ "unique$-$event" risk of $5\mathrm{.}4\%,$ and the probability of a$$ "super$-$event" that would disable both at the same time is estimated to be $1\mathrm{.}4\%.$ Option $2$ uses two suppliers located in different countries. Each has a$$ "unique$-$event" risk of $11\%,$ and the probability of a$$ "super$-$event" that would disable both at the same time is estimated to be $0\mathrm{.}24\%.$

Part $2$

$$a$)$ The probability that both suppliers will be disrupted using option $1$ is enter your response here $($round your response to five decimal$$ places$).$