Historical VaR

Rational Investment, is estimating VaR using the historical simulation method at the $99\%$ confidence level, for its fixed income portfolio currently valued at $$700.$ Using daily returns for the last $290$ days $($ordered in decreasing order$),$ the largest negative daily returns are the following:

$-1\mathrm{.}98,-1\mathrm{.}91,-1\mathrm{.}88,-1\mathrm{.}87,-1\mathrm{.}83,-1\mathrm{.}80,-1\mathrm{.}79,-1\mathrm{.}75,-1\mathrm{.}74,-1\mathrm{.}70$

a$.$ What is your estimate of the daily dollar VaR?

$ million

Round your answer to two decimal places. Ignore the negative sign

b$.$ What is your estimate of the daily dollar expected shortfall?

$ million

Round your answer to two decimal places. Ignore the negative sign.