Hadbucks National Bank Current Balance Sheet Appears Below

Hadbucks National Bank current balance sheet appears below. All assets and liabilities are currently priced at par and pay interest annually. What is the impact on the FI's equity of a 2 percent overall increase in market interest rates on all fixed-rate instruments?

A) Equity rises by $4.318 million.
B) Equity declines by $2.912 million.
C) Equity rises by $2.060 million.
D) Equity declines by $1.880 million.
E) Equity does not change.