A financial institution has entered into an interest rate swap agreement. In this arrangement, they've committed to receiving a fixed rate of 8% per annum while paying a floating rate based on the 6-month LIBOR rate. The agreement is based on a notional principal of $100 million, with payments exchanged every half year. The swap has 26 months left in its duration, and the upcoming floating payment is set at $4.5 million, based on the LIBOR rate from four months prior which was 9% per annum. Use LIBOR discounting for both floating and fixed rate payments. Assuming the 6-month LIBOR yield curve remains flat at 10% per annum with continuously compounding in the next 26 months: a) determine the present