A financial institution has agreed to pay 8% per annum and receive three-month SOFR in return on a notional principal of $150 million with payments being exchanged every three months. The swap has a remaining life of 13 months. The average of the bid and offer fixed rates currently being swapped for three-month SOFR is 9% per annum for all maturities with continuous compounding. The three- month SOFR rate two months ago was 7.5% per annum. What is the value of the swap?