Several months ago, a bank shorted a $10 million forward rate agreement at an interest rate of 5.0% per year because it was concerned about interest rates decreasing. The forward rate agreement has a term of six months and it expires in four months. The current interest rate for a similar forward rate agreement is 5.5% per year. If the ten-month continuously compounded discount rate is 5.6% per year, what is the value of the banks position?

A. -18227

B. -23860

C. 23860

D. -22145

E. 27540