Six months ago, an investor entered into a receive-fixed, pay-equity swap with the following specifications:

• Swap notional amount: $20,000,000
• Original swap term: 3 years, with annual resets
• Fixed swap rate (at initiation): 3.5%

Currently, the implied fixed-rate bond used for pricing the swap has a fair value of $18,359,361 (assuming a par value of$20,000,000). If the equity underlying the swap was trading at $75 at the time of swap initiation, which of the following current equity prices would result in an equity swap value closest to zero?