Compute the payments due in the second year on a three$-$year amortizing swap from company B to company A$.$ Company A and company B both want to borrow $1,000,000$ for three years. A wants to borrow floating and B wants to borrow fixed. A and B agree to split the QSD$.$

Fixed$-$Rate Borrowing Cost

Floating$-$Rate Borrowing Cost

Company A

$10$

$\%$

LIBOR

Company B

$12$

$\%$

LIBOR $+1\mathrm{.}5$

$\%$

Group of answer choices

B pays $402,114\mathrm{.}80$ to A

B pays $100,000$ to A

B pays $69,788\mathrm{.}52$ to A

none of the options