Assume Carlton enters into a three$-$year fixed$-$for$-$fixed swap agreement to receive Swiss

Franc and pay U$.$S$.$ dollars annually, on a notional amount of $$3,000,000.$ The spot

exchange rate at the time of the swap is SF$0\mathrm{.}8/$$$.$ Assume that one year into the swap

agreement, Carlton decides it wishes to unwind the swap agreement and settle it in

dollars. Assuming that a two$-$year fixed rate of interest on the Swiss Franc is now $2\mathrm{.}59\%,$

and a two$-$year fixed rate of interest on the dollar is now $5\mathrm{.}90\%,$ and the spot rate of

exchange is now SF$0\mathrm{.}56/$$$.$ To Carlton, what is the swap agreement's net present value $($in

dollars$)?($Keep the sign and two decimal places.$)$