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SwanBank has assets of $24.28 billion. After applying the regulator-stipulated risk weightings, the institution estimates total risk-weighted assets of $13.81 billion. Assuming Basel III requirements,

SwanBank has assets of $24.28 billion. After applying the regulator-stipulated risk weightings, the institution estimates total risk-weighted assets of $13.81 billion.
Assuming Basel III requirements, what is the minimum Tier 1 capital (in $million) required out of SwanBank's total capital requirement?
Select one:
a. $621.45 million
b. $1104.80 million
c. The correct answer is not listed here.
d. $1092.60 million
e. $1456.80 million

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