Find the value today in euro to the party paying euro of an 8-year old swap with 2 years remaining maturity.

At initiation of the swap, spot exchange rates were S₀($/) = $1.16/, S₀($/) = $1.45/, and S₀(/) = 1.25/.

The swap calls for exchanging interest only on 10m at 5.04 percent for 8.0m at 4 percent. SEMIANNUAL payments. The most recent payment was yesterday.

Todays exchange rates are S₀($/) = $1.25/ and S₀($/) = $1.50/.

The current AAA rates are i_$ = 3.5%, i = 5.0%, and i = 7.1%