Ganado's Cross-Currency Swap: SFr for US$. Ganado Corporation entered into a 3-year cross-currency interest rate swap to receive U.S. dollars and pay Swiss francs. Ganado, however, decided to unwind the swap after one yearthereby having two years left on the settlement costs of unwinding the swap after one year. Repeat the calculations for unwinding, but assume that the following rates now apply:

Assumptions	Values	Swap Rates	3-Year Bid	3-Year Ask
Notional principal	$10,500,000	Original: US dollar	5.56%	5.59%
Original spot rate (SFr/$)	1.45	Original: Swiss franc	1.93%	2.01%
New (1-year later) spot (SFr/$)	1.5
New fixed US$ interest	5.20%
New fixed Swiss franc interest	2.20%

The notional principal in Swiss francs is (Round to the nearest Swiss franc.)

In the first year of the swap, Ganado will receive $

In the second year of the swap, Ganado will receive $

In the third year of the swap, Ganado will receive $

In the first year of the swap, Ganado will pay SFr

In the second year of the swap, Ganado will pay SFr

In the third year of the swap, Ganado will pay SFr

The present value of the dollar cash flow in year 2 is $

The present value of the dollar cash flow in year 3 is $

The cumulative present value of the remaining dollar cash flows is $

The present value of the franc cash flow in year 2 is SFr

The present value of the franc cash flow in year 3 is SFr

The cumulative present value of the remaining franc cash flows is SFr

The conversion from Swiss francs to dollars of the cash outflow is $

The settlement of the unwinding is $