Directions: Five sentences A, B, C, D, and E are given below, among which only three have been arranged in sequence and two sentences must be interchanged so that the five sentences can together form a meaningful paragraph.

A. Miss Universe is an annual international beauty pageant that is run by the United States-based Miss Universe Organization.

B. Telemundo has the licensing rights to air the pageant for the next 5 years.

C. The Miss Universe Organization and its brand are currently owned by Endeavor.

D. Along with Miss World, Miss International, and Miss Earth, Miss Universe is one of the Big Four international beauty pageants.

E. The pageant's advocacy is humanitarian issues and is a voice to affect positive change in the world