The treasurer of a large manufacturing company has decided to hedge against rising interest rates. The treasurer wants to enter into a 2-year fixed-for-floating swap with a notional of USD 100 million, a fixed annual interest rate of 2.75%, semi-annual payments, and a floating interest rate of 6-month SOFR plus 30 bps, starting in January of Year 1. The treasurer uses the following forecast of future 6-month SOFR rates:

Time period	Rate
Jan-Jun Year 1	2.40%
July-Dec Year 1	2.57%
Jan-Jun Year 2	2.66%
July-Dec Year 2	2.70%

Which of the following is the best estimate of the net cash flow that the treasurer expects for the company to receive at the end of year 2?