5-You perform a Monte Carlo simulation to estimate the VAR for a $10 million portfolio. You choose to perform this simulation using a normal distribution of returns for the portfolio, with an expected annual return of 14.8% and a standard deviation of 20.5%. You generate 700 random outcomes of annual return for this portfolio, of which the worst 40 outcomes are given below (ordered from worst to best). Using this information, compute the following: a) 1% annual VAR (both % and $) b) 1% annual CVAR (both % and S) I 0.400 0.398 -0.397 0.390 -0.355 -0.350 0.347 -0.344 -0.343 --0.333 -0.320 -0.316 --0.314 -0.310 -0.303 -0.301 -0.301 0.300 0.298 -0.296 0.295 -0.282 -0.277 0.273 ---0.273 0.261 -0.259 -0.253 +0.251 0.248 -0.247 -0.233 -0.229 -0.226 -0.223 -0.222 -0.218 0.216 --0.215 -0.211