1,Consider the following balance sheet for Watchover Savings, Inc.

Consider the following balance sheet for Watchover Savings, Inc. (in millions) Liabilities and Equity (currently 10% pa) (currently 10% pa) Assets Floating-rate mortgages (currently 14% pa) 30-year fixed-rate loans (currently 11% pa) Now deposits $ 72 $111 5-year time deposits 96 24 UI Total $ 168 Total 168 a. What is Watchover's expected net interest income at year-end? (Enter your answer in millions rounded to 2 decimal places. (e.g., 32.16)) Net interest income million b. What will be the net interest income at year-end if interest rates rise by 2 percent? (Enter your answer in millions rounded to 2 decimal places. (e.g., 32.16) Net interest income million c. Using the one-year cumulative repricing gap model, what is the change in the expected net interest income for a 2 percent increase in interest rates? (Negative amount should be indicated by a minus sign. Enter your answer in millions rounded to 2 decimal places. (e.g., 32.16)) Net interest income million