K-Roo Ltd.'s US competitor took out an AUD 19 million, 5-year loan to finance its expansions in Australia. However, it prefers to make its debt payments in USD and therefore wants to swap into a fixed-rate USD loan. Westpac quotes the following annualized rates on 5-year currency swaps: AUD: 4.15% bid and 4.37% offered against the 6-month dollar LIBOR USD: 7.64% bid and 7.89% offered against the 6-month dollar LIBOR If the current AUD/USD spot rate is 1.28, what are the semi-annual cash flows associated with the debt payments of a AUD 19m swap? You want to swap out of a AUD 19 mil loan and into a fixed-rate USD loan, and you can ignore the off-setting LIBOR payments. a. USD 0.585586 mil payment to Westpac; receive AUD 0.394250 mil payment from Westpac b. receive USD 0.585586 mil payment from Westpac; AUD 0.394250 mil payment to Westpac c. USD 1.171172 mil payment to Westpac; receive AUD 0.788500 mil payment from Westpac d. receive USD 1.171172 mil payment from Westpac; AUD 0.788500 mil payment to Westpac e. USD 0.567031 mil payment to Westpac; receive AUD 0.394250 mil payment from Westpac