In an interest rate swap, a financial institution pays $8\mathrm{.}9\%$ per annum and receives $3-$month LIBOR in return on a notional principal of $$100$ million with payments being exchanged every three months. The swap has a remaining life of $14$ months. The average of the bid and offer fixed rates currently being swapped for $3-$month LIBOR is $10\mathrm{.}75\%$ per annum for all maturities. The $3-$month LIBOR rate one month ago was $9\mathrm{.}5\%$ per annum. All rates are compounded quarterly. What is the value of the swap?

$$2\mathrm{.}173$ Million

$$2\mathrm{.}402$ Million

$$1\mathrm{.}849$ Million

$$1\mathrm{.}654$ Million