Cerra Co. expects to receive 22 million euros tomorrow as a result of selling goods to the Netherlands. Cerra estimates

[answerhappygod]

Cerra Co. expects to receive 22 million euros tomorrow
as a result of selling goods to the Netherlands. Cerra estimates
the standard deviation of daily percentage changes of the euro to
be 3.5 percent over the last 262 days. Assume that these percentage
changes are normally distributed. The expected percentage change of
the euro tomorrow is -0.09%. Use the value-at-risk (VAR) method
based on a 95% confidence level for the following
question(s).
What is the maximum one-day loss in
percentage?
(Keep your answer in 2 decimal points.)