A risk management officer at a bank is interested in calculating the VaR of an asset that he is considering adding to the banks portfolio. if the asset has a daily standard deviation of returns equal to 1.4% and the asset has a current value of $5,300,000 (Z-score: Z (90%) equals 1.28, Z (95%) equals 1.65, Z (99%) equals 2.33)

1. The 90% VaR is .... ?

2. 99% VaR is?