A portfolio contains two stocks with the following positions: In one stock you have one million invested with a beta of 1.2, in the other stock you have two million and a beta of 0.8 with respect to the index. From the market. If the excess returns over the market benchmark are independent and identically distributed normal random variables with a mean of 5% and volatility of 20% per year, what is the 10-day VaR at 99% with portfolio hope?