The balance sheet of a government security dealer is listed below. Market yields are in parentheses, and amounts are in millions.

Assets		Liabilities and Equity
Cash	$20	Overnight repos	$340
1-month T-bills (7.05%)	150	Subordinated debt
3-month T-bills (7.25%)	150	7-year fixed rate (8.55%)	300
2-year T-notes (7.50%)	100
8-year T-notes (8.96%)	200
5-year munis (floating rate)
(8.20% reset every 6 months)	50	Equity	30
Total assets	$670	Total liabilities and equity	$670

What is the change in NII if the planning period is 2 years and interest rates are expected to decrease by 2%? (Please show work)