A financial institution has entered into a 10-year currency swap with company Y. Under the terms of the swap, the financial institution receives 30,000 Swiss francs and pays 56,000 US dollars per annum. The payments are exchanged once a year. Suppose that company Y declares bankruptcy at the end of year 6, when the exchange rate is $0.80 per franc. What is the cost to the financial institution? Assume that, at the end of year 6, the interest rate is 3% per annum in Swiss francs and 8% per annum in US dollars for all maturities. [Hint: Evaluate the swap's remaining value at the bankruptcy of company Y. The swap can be decomposed into a sequence of foreign currency forwards. Recall how to evaluate forward contracts and note that the underlying asset in this case, Swiss francs, pays interests.]