K-Roo Ltd.'s US competitor took out an AUD 22 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: USD: 7.57% bid and 7.76% offered against the 6-month dollar SOFR AUD: 4.14% bid and 4.43% offered against the 6-month dollar SOFR If the current AUD/USD spot rate is 1.19, what are the semi-annual cash flows associated with the debt payments of a AUD 22m swap? You want to swap out of a AUD 22 mil loan and into a fixed-rate USD loan, and you can ignore the off-setting SOFR payments. a. USD 0.717311 mil payment to Westpac; receive AUD 0.455400 mil payment from Westpac b. receive USD 0.717311 mil payment from Westpac; AUD 0.455400 mil payment to Westpac c. USD 1.434622 mil payment to Westpac; receive AUD 0.910800 mil payment from Westpac d. receive USD 1.434622 mil payment from Westpac; AUD 0.910800 mil payment to Westpac e. USD 0.699748 mil payment to Westpac; receive AUD 0.455400 mil payment from Westpac