OCP has receivable of 5 million euros due tomorrow as a result of selling phosphate to a company in Nigeria. OCP estimates the standard deviation of daily percentage changes of the euro to be 1 percent over the last 100 days. Assume that these percentage changes are normally distributed. Using the VAR method based on a 99% confidence level, what is the maximum one-day loss in dirhams if the expected percentage change of the euro tomorrow is -0.5%? Todays euro spot rate is 10.88dh/. Show your work.