Suppose that an investor has bought 700 of Company A and 200 of Company B. The bid-offer spreads for the two companies are normally distributed. The bid and offer price of company A's share are $65 and $66.6, respectively. The bid and offer price of company B's share are $20 and $20.6, respectively. For Company A the bid-offer spread has a mean of $1.6 and a standard deviation of $3.2. For company B the bid-offer spread has a mean of $0.6 and standard deviation of $1.2. What is the cost of liquidation that the investor is 95% confident will not be exceeded? Answer The cost of liquidation at 95% confidence level (in \$, round to two decimal places) =