Excel IF formula to set maximum and minimum

I have a column with certain values and I want to create a second one, in which if the value is >0,4, it becomes 0,4 and in which if the value is <0,05, it becomes 0,05. In other words, I am trying to set a minimum and maximum on these values to avoid outliers.

So far I have tried with IF AND but it gives me "FALSE". This is the formula:

=IF(AND(I5<0,05;0,05);IF(AND(I5>0,05;I5);IF(AND(I5>0,4;0,4);IF(AND(I5<0,4;I5);""))))

Any help will be much appreciated! Thank you