Two US companies come together and enter into an interest rate swap with a notional amount of $35,000,000. Company C agrees to pay fixed (5.5%) and receive floating (one-year LIBOR). It is now two years later and there are two exchange payments remaining. The two-year swap rate is 4.4%. What is the value of the swap from Company C's perspective?

536,785

-558,632

1,158,632

1,247,632

-722,006