Samuel Washington wishes to enter into a US dollar (USD) for South African Rand (ZAR) currency swap to exchange annual payments for three years. The notional amount in USD is $1,000,000 and the exchange rate is $0.10 per ZAR. The current term structure of interest rates in South Africa is given below.

Term (Years)	ZAR Rate	PV Factor
1	6.00%	0.943396
2	6.50%	0.884956
3	7.00%	0.826446
4	8.00%	0.757576

The ZAR notional amount and annualized swap rate in ZAR are closest to:

Group of answer choices

A) ZAR 100,000 and 6.54%.

B) ZAR 10,000,000 and 7.10%.

C) ZAR 10,000,000 and 6.54%.

D) ZAR 100,000 and 7.10%.