Q.3151 Kinetic Financial manages portfolios of large multinational companies consisting of low-beta stock. One of their fund invested in Goodman fertilizers and HiEdge Autos. The risk analyst of Kinetic recently estimated that the annual VaR at a 95% confidence level, assuming a 250-day year for the entire portfolio, was $7.2 million based on the portfolio's market value of $65 million and a correlation coefficient between Goodman and HiEdge of zero. If the annual loss in Goodman's stock is only expected to exceed $5 million five percent of the time, then what is the daily expected loss for HiEdge's stock that will be exceeded five percent of the time?