Ashton Bishop is the debt manager for World Telephone, which needs $3\mathrm{.}40$ billion Euro financing for its operations. Bishop is considering the choice between issuance of debt denominated in:

Euros $(),$ or

U$.$S$.$ dollars, accompanied by a combined interest rate and currency swap.

Bishop believes that issuing the U$.$S$.-$dollar debt and entering into the swap can lower World$$s cost of debt by $45$ basis points. Immediately after selling the debt issue, World would swap the U$.$S$.$ dollar payments for Euro payments throughout the maturity of the debt. She assumes a constant currency exchange rate throughout the tenor of the swap.

Characteristic Euro Currency Debt U$.$S$.$ Dollar Currency Debt

Par value $3\mathrm{.}40$ billion $ $3$ billion

Term to maturity $3$ years $3$ years

Fixed interest rate $6\mathrm{.}25\%7\mathrm{.}75\%$

Interest payment Annual Annual

Spot currency exchange rate $$\mathrm{.}97$ per euro $($$$\mathrm{.}97/1\mathrm{.}00)$

$3-$year tenor euro$/$U$.$S$.$ dollar fixed interest rates $5\mathrm{.}87\%$ euro$/7\mathrm{.}37\%$ U$.$S$.$ dollar

Required:

b$.$ Enter the notional principal and interest payment cash flows of the combined interest rate and currency swap.

Note: Round the final answers to two decimal places.