Suppose that oil forward prices for 1 year, 2 years, and 3 years are $62, $74, and $80 per barrel. The 1-year effective annual interest rate is 3.4%, the 2-year interest rate is 3.0%, and the 3-year interest rate is 2.6%. What is the fixed per-barrel price in a 3-year swap that calls for delivery of 4 barrels of oil at the end of the first year, 2 barrels the second year, and 2 barrels the third year?

	a.	$71.87
	b.	$69.36
	c.	$65.94
	d.	$67.93
	e.	$78.10