Weyland-Yutani Corp. has an agreement to pay 5% on a pound sterling principle of 10 million and receive 7% on a U.S. dollar principle of 12 million every year for 20 years. At the end of year 1, what payment will be required of Weyland-Yutani Corp.? A) 0.4 million in pound sterling B) 0.5 million in pound sterling C) 0.6 million in pound sterling D) 0.7 million in pound sterling