Consider a $10 million portfolio of stocks. You perform a Monte Carlo simulation to estimate the VaR for this portfolio. You choose to perform this simulation using a normal distribution of returns for the portfolio, with an expected annual return of 14.8 percent and a standard deviation of 20.5 percent. You generate 700 random outcomes of annual return for this portfolio, of which the worst 40 outcomes are given below 0.400 0.320 0.295 -0.247 0.398 0.3160.282-0.233 0.397 0.3140.277 -0.229 0.390 0.3100.273-0.226 0.355 0.303-0.273-0.225 0.350 0.3010.261-0.223 0.349 0.3010.259-0.218 0.347 0.300-0.253-0.216 0.343 0.298-0.251-0.215 0.333 0.2960.248-0.211 TASK. Using the above information, compute the following A. 5 percent annual VaR. R 1 nercent annual VaR