) HSU Bank is a local bank with secured lending, commercial & consumer loans and the commercial letter of credit as the credit businesses, with internal risk weighting set as 30% and 100% respectively for the first two. For commercial letter of credit, which is the off-balance-sheet item with secured lending as the equivalent risk bucket, the conversion factor is 25%. HSU Bank aims to maintain Common Equity Tier 1 ratio of 8.5%. Currently, the bank has $120m commercial & consumer loans, $280m secured loan and $30m commercial letter of credit. Determine the total risk adjusted assets value and the amount of Common Equity Tier 1 capital required.