Consider a USD 1 million portfolio with an equal investment in two funds, Alpha and Omega, with the following annual return distributions:

| Fund | Expected Return | Volatility |

|--------|-----------------|------------|

| Alpha | 5% | 20% |

| Omega | 7% | 25% |

Assuming the returns follow the normal distribution and that there are 252 trading days per year, what is the maximum possible daily 95% Value-at-Risk (VaR) estimate for the portfolio? ($\mu_{1-day} = 0$)