Springer Country Bank has assets totaling $180 million with a duration of 5 years, and liabilities totaling $160 million with a duration of 2 years. Bank management expects interest rates to fall from 9% to 8.25% shortly. A T-bond futures contract is available for hedging. Its duration is 6.5 years and is currently priced at 99 5/32. How many contracts does Springer need to hedge against the expected rate change? Assume each contract is has a face value of $1,000,000. DO NOT USE EXCEL!