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Assume Carlton enters into a three-year fixed-for-fixed swap agreement to receive Swiss Franc and pay U.S. dollars annually, on a notional amount of ( $

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Assume Carlton enters into a three-year fixed-for-fixed swap agreement to receive Swiss Franc and pay U.S. dollars annually, on a notional amount of \\( \\$ 6,000,000 \\). The spot exchange rate at the time of the swap is SFO.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 \2.59, and a two-year fixed rate of interest on the dollar is now \5.90, and the spot rate of exchange is now SF0.53/\\$. To Carlton, what is the swap agreement's net present value (in dollars)? (Keep the sign and two decimal places.)

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