Consider the Following Information to Answer the Question What Will Be the FI's Net Interest Income at Year-End

Consider the following information to answer the question: $$\begin{array} { | l | l | l | l | l | l | } \hline \text { Assets } & \text { Amount } & \text { Rate } & \text { Liabilities } & \text { Amount } & \text { Rate } \\\hline \text { Rate } & \$ 35000000 & 10 \% & \text { Rate } & \$ 40000000 & 8 \% \\\hline \text { Sensitive } & & & \text { Sensitive } & & \\\hline \text { Fixed rate } & \$ 21000000 & 9 \% & \text { Fixed rate } & \$ 12000000 & 7 \% \\\hline \text { Non-earning } & \$ 4000000 & & \text { Equity } & \$ 8000000 & \\\hline\end{array}$$ What will be the FI's net interest income at year-end if interest rates do not change?

A) $3.20 million
B) $5.39 million
C) $1.89 million
D) $1.35 million