A $100 million interest rate swap has a remaining life of 8 months. Cash flows will be exchanged in two months and then again in six months. Under the terms of the swap, six-month LIBOR is exchanged for 6% per annum (compounded semiannually). The six-month LIBOR rate was 3.2% per annum four months ago. The discount rate for all maturities is 3% (based on continuous compounding). Using the following table, determine the value to the party paying fixed and to the party paying float?

Time (years)	Zero Rate	Discount Factor	Bfix Cash Flow ($)	Bfl Cash Flow ($)	Present Value of Bfix ($)	Present Value of Bfl ($)
Total