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You are a DevOps Engineer responsible for configuring Cloud Monitoring on a Google Cloud Platform project. Your team has defined a set of SLIs for the services running in the project. You have been tasked with creating an alerting policy based on one of the SLIs. You need to configure an alerting policy that triggers an alert when the "99th percentile of request latency over a 5-minute rolling window" exceeds 500 ms. Which of the following steps should you perform to correctly configure the alerting policy based on the SLI?