Suppose the 1-year effective annual interest rate is 5.2% and the 2-year effective rate is 6.5%. Compute the fixed rate in a 2-year amortizing interest rate swap based on $120,000 of notional principal in the first year and $70,000 in the second year

A. 6.12%

B. 5.83%

C. 5.66%

D. 5.45%

E. 6.46%