The table below presents the costs of borrowing for Dell and Amazon in Swiss Francs and Yens, and the quotes for interest swaps in Swiss Francs and Yens, both quoted against LIBOR. Dell would like to get a 1,500,000,000.00 fixed-rate loan. Amazon would like to get an SFr 18,000,000.00 fixed-rate loan. How much can Amazon save each year if they enter a currency swap agreement?

Borrowing Cost in Swiss Francs	Borrowing Cost in Yen
Dell	SFr 6.00%	8.10%
Amazon	SFr 6.80%	7.00%
Swap Bank Quote
SFR		JPY
Bid	Ask	Bid	Ask
SFr 6.00%	SFr 6.62%	7.00%	7.32%

A.SFr 144,000

B.None of the alternatives

C.SFr 32,400

D.16,500,000

E.11,700,000