A corporation enters into a five-year interest rate swap with a swap bank in which it agrees to pay the swap bank LIBOR annually on a notional amount of $15,000,000 and receive a fixed rate of 6.5% annually. Three years have passed since the initiation of this swap (i.e. the first three payments are already made). Determine the price of the swap from the corporation's viewpoint assuming that the fixed-rate side of the swap has increased to 7.5%. Who will want to exit the contract and how much will they need to pay? Write down the following: 1. The remaining cash flow for the corporation, both inflow and outflow 2. The present value of those cash flows 3. The price of the swap from the corporation's point of view 4. Who will exit the swap