please choose the right answer and show the steps.

4. Based on the table below, the daily 5% VaR estimate is closest to: Equity Opportunities Fund-VaR Model Input Assumptions Large-Cap ETF Energy ETF Total Portfolio Portfolio weight 65.0% 35.0% 100.0% Expected annual return 12.0% 18.0% 14.1% 40.0% 26.3% Standard deviation 20.0% Correlation between ETFs: 0.90 Number of trading days/year: 250 A. 1.61%. B. 2.42%. C. 2.69%