Consider a hypothetical financial institution mainly engaged in making long-term loans, the balance sheet of such financial institution may look like the one in the following table. Total assets are $2.4 billion with a dollar duration of $19.74 billion. Total liabilities are $1.8 billion with a dollar duration of $5 billion. So the market value of equity is $600 million, but with a dollar duration of $14.740 billion.

What is impact to the financial institution if interest rate increases 100 basis point?