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correct -770,000. please explain how to get this. thank you! Google wants floating rate loan of $7 million. Its bank quotes a floating rate of

correct -770,000. please explain how to get this. thank you! image text in transcribed
Google wants floating rate loan of $7 million. Its bank quotes a floating rate of Libor +2.11% or a fixed rate of 4.89%. A swap bank quotes an interest ratel: swap as 4.184.72 against flat Libor. What is Google's net cash flow if Libor =4.07% ? Note: Your answer should be a negative number if Google receives money and a positive number if Google owes money

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