2. Assume you have two investment proposals: Assume that each investment plan has a 4% probability of incurring a loss of KRW 10 billion and a probability of incurring a loss of KRW 2 billion. Assuming the two investment proposals are independent of each other, answer the following questions: 1) When the confidence level is 95%, find the VaR and ES of each investment, respectively. 2) Find the VaR and Expected Shortage (ES) of a portfolio of two investment proposals each at a confidence level of 95%.