We have two independent investments. Each of them may have a 2% chance of a loss of 10 million euros, a 3% chance of a loss of 5 million euros, a 2% chance of a loss of 1 million euros, and a 93% chance of a profit of 1 million euros.

The 95% VaR for one of the two investments is (in million euros)

The 95% ES for one of the two investments is (in million euros)

The 95% VaR for a portfolio consisting of the two investments is (in million euros)

The 95% ES for a portfolio consisting of the two investments is (in million euros, round off to the second decimal.