Under the Basel III capital adequacy framework, Newton Bank has estimated the following information (in millions).

Total regulatory capital	140
Credit-risk weighted assets	800
Market-risk weighted assets	320
Operational-risk weighted assets	450

(i) Calculate Newton Banks total risk-based capital ratio. (2 marks)

(ii) Does Newton Bank have sufficient total regulatory capital to meet the Basel III minimum capital requirements (including the capital conservation buffer)? (2 marks)