The mean and variance of \( 7 \) observations are \( 8 \) and \( 16 \) respectively. If two observation are \( 6 \) and \( 8 \), then the variance of the remaining \( 5 \) observations is:
\( \frac{92}{5} \)
\( \frac{536}{25} \)
\( \frac{112}{5} \)
\( \frac{134}{5} \)