Assume Carlton enters into a three$-$year fixed$-$for$-$fixed swap agreement to receive Swiss Franc and pay U$.$S$.$ dollar annually, on a notional amount of $$2,000,000.$ The spot exchange rate at the time of the swap is SF$0\mathrm{.}8/$$$.$ Assume that one year into the swap agreement Carlton decides it wishes to unwind the swap agreement and settle it in dollars. Assuming that a two$-$year fixed rate of interest on the Swiss Franc is now $2\mathrm{.}59\%,$ and a two$-$year fixed rate of interest on the dollar is now $5\mathrm{.}90\%,$ and the spot rate of exchange is now SF$0\mathrm{.}807/$$$.$ To Carlton, what is the net present value $($in dollar$)$ of the swap agreement? $($Keep the sign and two decimal places.$)$

Euro$-$

Swiss franc

U$.$ S$.$ dollar

Japanese yen

Years

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$2$

$3\mathrm{.}08$

$3\mathrm{.}12$

$1\mathrm{.}68$

$1\mathrm{.}76$

$5\mathrm{.}43$

$5\mathrm{.}46$

$0\mathrm{.}45$

$0\mathrm{.}49$

$3$

$3\mathrm{.}25$

$3\mathrm{.}29$

$2\mathrm{.}12$

$2\mathrm{.}17$

$5\mathrm{.}54$

$5\mathrm{.}59$

$0\mathrm{.}56$

$0\mathrm{.}59$