First Commercial Bank has the above balance sheet.

Assets	$million	Liabilities	$million
Variable rate commercial loans (currently 4.9% annually)	50	3-month term deposits (4.1% annually	120
10-year fixed rate mortgages (cuurently 8.55% annually)	250	7-year fixed rate subordinated bonds (currently 7% annually)	120
		Equity	60
Total assets	300	Total liabilities and equity	300

What will net interest income be at year-end if interest rates rise by 1.2%? (Give your answers in millions of dollars to two decimal places. Do not include "$" sign in your answer.)