Hisham has a floating rate loan of $4 million pays LIBOR plus 200 basis points on the loan. Payments are semiannual. Hisham wishes to convert this obligation to a fixed-rate loan. He decided to use a swap contract with a fixed rate equal to 5.6%, floating rate equal to LIBOR, & notional principal equal to $4 million. Which of the following most closely approximates the total semiannual payments made by Hisham on the loan and the swap?*

$72,000.

$76,000.

$152,000.