Consider this 5-year CDS. Assume payments are made annually in arrears. Assume that default, if it happens, always happens exactly halfway through a year. Assume that the expected recovery rate is 42%. Assume that the Treasury-Spot curve is flat at 3% with continuous compounding. The Hazard rate for the reference entity is 22.35% each year. Assume Notional Principal = $102,000,000. What is the present value of the expected premium payment in year 4 expressed in terms of s?