Suppose that a financial manager who has a detailed knowledge about the composition of the bank balance sheet, know that the duration of assets is 7 years, the duration of liabilities is 5 years, the value of assets is 10 million, the value of liabilities is 8 million, hence the current net worth of the bank (value of shareholders equity) is equal to 2 million. if there is 1 % increases rates ( if interest rates rise from 5% to 6%), the net worth of the bank will change to:

A.1.714 million

B.2.1 million

C.2.283 million

d.1.9 million