A US-based financial institution has entered into a 4-year currency swap agreement with an industrial firm located in France. Under the terms of the agreement, the financial institution will receive an annual interest payment of 3% in euros and, in turn, will pay an annual interest of 2% in US dollars. The principal amounts involved are 50 million euros and 60 million US dollars. These interest payments are exchanged annually at the end of each year. As the end of the third year approaches, the current exchange rate is 1.044 US dollars per 1 euro. The 1-year risk-free rates are 3.0% in France and 2.0% in the United States, and it is assumed that these rates are continuously compounded. Determine the value of this swap to the financial institution at the end of the third year, given the aforementioned conditions.