Firm X and Firm Y enter into a 5 year fixed-for-floating rate swap on a notional amount of $1,000,000, with annual settlement. At the origination of the swap, the details of the swapped payments are as follows: - Firm X pays 6.5\% fixed to Firm Y - Firm Y pays LIBOR firm X - The current LIBOR rate is 3.0%. Assume each firm can borrow at the following rates from outside lenders: C.) On the first settlement date (after the first cash flows have been exchanged), suppose all interest rates have increased by 1%. What is the NPV of the swap to Firm X after this change in interest rates? Firm X and Firm Y enter into a 5 year fixed-for-floating rate swap on a notional amount of $1,000,000, with annual settlement. At the origination of the swap, the details of the swapped payments are as follows: - Firm X pays 6.5\% fixed to Firm Y - Firm Y pays LIBOR firm X - The current LIBOR rate is 3.0%. Assume each firm can borrow at the following rates from outside lenders: C.) On the first settlement date (after the first cash flows have been exchanged), suppose all interest rates have increased by 1%. What is the NPV of the swap to Firm X after this change in interest rates