You are required to estimate the value of an interest rate swap that has 2.5 years left in its life. Suppose that a fixed rate of 5% is paid and Libor is received every three months. The notional principal is USD 20 million. Now we can find a new 2-year swap where 2.96% is received and Libor is paid. Also, we can find a new 3-year one with a swap rate of 3.075%. Suppose the risk-free rate is 3.6% for all maturities and all rates are compounded quarterly.