One investment project has a probability of 0.03 of a loss of $20 million and a probability of 0.97 of a loss of $2 million during a one-year period. What are the 95% VaR and expected shortfall (ES) for this project?

		VaR = $2 million; ES = $20 million
		VaR = $20 million; ES = $12.8 million
		VaR = $2 million; ES = $12.8 million
		VaR = $20 million; ES = $0.64 million