Problem 22-3 (LG 22-1) Consider the following balance sheet for Watchover Savings, Inc. (in millions) Assets Liabilities and Equity Floating-rate mortgages (currently 12% pa.) 30-year fixed-rate loans (currently 9% pa) Now deposits $ 92 $ 121 (currently 8% pa) 5-year time deposits (currently 8% pa) 106 Equity 30 47 Total $198 Total $ 198 a. What is Watchover's expected net interest income at year-end? (Enter your answer in millions rounded to 2 decimal places. (e.g., 32.16) Net interest income million b. What will be the net interest income at year-end if interest rates rise by 3 percent? (Enter your answer in millions rounded to 2 decimal places. (e.g., 32.16)) Net interest income million c. Using the one-year cumulative repricing gap model, what is the change in the expected net interest income for a 3 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., 32.16)) Net interest income million