MetaConsider the following balance sheet for Watchover Savings Incorporated $($in millions$)$:

Assets Liabilities and Equity

Floating$-$rate mortgages $($currently $10\%$ per annum$)$ $ $94$ Now deposits $($currently $6\%$ per annum$)$ $ $122$

$30-$year fixed$-$rate loans $($currently $7\%$ per annum$)1075-$year time deposits $($currently $6\%$ per annum$)33$

Equity $46$

Total $ $201$ Total $ $201$

a$.$ What is Watchover$$s expected net interest income at year$-$end? $($Enter your answer in millions rounded to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

b$.$ What will be the net interest income at year$-$end if interest rates rise by $2$ percent? $($Enter your answer in millions rounded to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

c$.$ Using the one$-$year cumulative repricing gap model, what is the change in the expected net interest income for a $2$ percent increase in interest rates? $($Negative amount should be indicated by a minus sign. Enter your answer in millions rounded to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$