Consider the following simplified balance sheet of a hypothetical bank Liabilities & Owners Equity (millions) Current accounts 100 Deposits $2,825.0 Risk- weight 0% 0% 100% 20% Assets (million) Cash Treasury notes Commercial papers Certificates of deposits Loans to foreign banks Residential mortgages Commercial loans Consumer loans Total Assets $90.0 $120.0 $150.0 $64.0 $400.0 $500.0 $1,100.0 $576.0 $3,000.0 20% 50% Convertible bonds Preferred stocks (Perpetual) Minority interest Retained Earnings Common Stocks Total (Liabilities & Equity) $50.0 $80.0 $25.0 $70.0 $50.0 $3,000.0 100% 100% Calculate the capital adequacy ratios according to Basel 3 and comment on the capitalization of the bank