32. Thermo Dynamics (US) entered into a 3-year currency swap. Annual swap interest rates are fixed at 3% (US dollar) and 1.5% (Swiss franc.) The notional amount is $10 million, and the spot exchange rate at origination of the swap is 0.90 CHF/$. Assume that after both firms settled their first annual exchange of cash flows, the exchange rate turns out to be 0.92 CHF/$. The annual interest rates for a two year currency swap are 4% (US dollar) and 2% (Swiss franc.) What is the market value of the swap at the end of the first year?