A corporation enters into a five-year interest rate swap with a swap bank in which it agrees to pay the swap bank a fixed rate of 10.45 percent annually on a notional amount of 15,000,000 and receive six-month CME Term SOFR + 0.5 percent. As of the second reset date, determine the price of the swap from the corporations viewpoint assuming that the fixed rate side of the swap has increased to 10.95 percent