A corporation enters into a five-year interest rate swap with a swap bank in which it agrees to pay the swap bank a fixed-rate of 9.75 percent annually on a notional amount of DM15,000,000 and receive LIBOR - ½ percent. As of the second reset date, determine the price of the swap from the corporation's viewpoint, assuming that the fixed-rate at which it can borrow has increased to 10.25 percent.