A portfolio manager wants to mitigate the downside risk of her $$36$ million portfolio in semiconductor stocks. The manager has a long$-$term bullish outlook on the banking sector, but fears that the sector may suffer a short$-$term correction next year. The fund manager estimates that the portfolio return is highly correlated with the PHLX Semiconductor Sector Index $($SOX$).$

She enters an equity swap with a $12-$month tenor:

She agrees to receive a fixed payment of $7\mathrm{.}2\%$ and pay the swap dealer the capital gain on the PHLX Semiconductor Sector Index

Payments are made quarterly and the notional principal is set at $$36$ million

Assume the quarterly returns on SOX are $-2\mathrm{.}5\%,-3\mathrm{.}25\%,5\mathrm{.}75\%,$ and $4\mathrm{.}2\%$

Further assume the actual returns of her portfolio exactly equal the PHLX Semiconductor Sector Index $($SOX$).$

Please calculate the cash flow received and paid by the portfolio manager to the swap dealer.