Carter Enterprises can issue floating$-$rate debt at LIBOR $+1\%$ or fixed$-$rate debt at $9\%.$ Brence Manufacturing can issue floating$-$rate debt at LIBOR $+3\mathrm{.}1\%$ or fixed$-$rate debt at $12\%.$ Suppose Carter issues floating$-$rate debt and Brence issues fixed$-$rate debt. They are considering a swap in which Carter makes a fixed$-$rate payment of $8\mathrm{.}25\%$ to Brence and Brence makes a payment of LIBOR to Carter. What are the net payments of Carter and Brence if they engage in the swap? Round your answers to two decimal places. Use a minus sign to enter negative values, if any.

What is the Net payment of Carter? in $\%$

What is the net payment of Brence? $-($LIBOR $+$

$\%)$

Please help, thank you!