Under an interest rate swap, Qantas have agreed to pay $6-$month LIBOR and receive a fixed rate of $4\%$ per annum, every $6$ months for $2$ years, on a notional principal of $$50$ million. If $6-$month LIBOR is $4\mathrm{.}2\%$ at the initiation of the contract $($t $=0),$ then the total cash outflow for Qantas at t $=0$ will be:

Group of answer choices

$$0.$

$$50,000.$

$$100,000.$

$$50,050,000.$

$$50,100,000.$