Consider a bank with available capital of 100 million. The gain from an investment portfolio of this bank during 6-month period is normally distributed with a mean of 12 million and a standard deviation of 35 million. (i) Calculate 1-day value at risk at the confidence level of 99% (=2.33) and explain the meaning of the VaR that you calculate. (ii) The bank uses a 99% 6-month Value at Risk (=2.33) to determine its economic capital. The 1% tail loss distribution has a 0.7% chance of resulting in a 600 million loss and a 0.3% chance of resulting in a 15 million loss. Calculate the annual Risk-Adjusted Return on Capital (RAROC) of the investment portfolio, considering the expected tail loss