Q.3141 Bob William is an equity strategist at Hambantota Investments, a large asset management company in East Asia. He is evaluating the risk of a portfolio and computes the V aR for the two positions in his portfolio as follows: VaR₁ = $3.6 million; and VaR₂ = $1.2 million. Based on this information, the VaR of the portfolio VaRₚ, if the returns of the two assets are uncorrelated, is closest to: