Consider the following balance sheet for Watchover Savings Incorporated (in millions): Assets Floating-rate mortgages (currently 10% per annum) 30-year fixed-rate loans (currently 7% per annum) Total Liabilities and Equity $ 60 Now deposits (currently 6% per annum) 90 5-year time deposits (currently 6% per annum) Equity $ 150 Total a. What is Watchover's expected net interest income at year-end? (Enter your answer in millions rounded to 1 decimal place. (e.g., 32.1)) b. What will be the net interest income at year-end if interest rates rise by 2 percent? (Enter your answer in millions rounded to 1 decimal place. (e.g., 32.1)) $ 105 25 20 $ 150 c. Using the one-year cumulative repricing gap model, what is the change in the expected net interest income for a 2 percent increase in interest rates? (Negative amount should be indicated by a minus sign. Enter your answer in millions rounded to 1 decimal place. (e.g., 32.1)) Answer is complete but not entirely correct. a. Net interest income $ 4.5 million b. Net interest income S 9.5 million C. Change in net interest income $ 3.0 million