In an interest rate swap, a financial institution has agreed to pay 2.75% per annum and to receive three-month LIBOR in return on a notional principal of $150 million with payments exchanged every three months. The swap has a remaining life of 16 months. Three-month forward LIBOR for all maturities is currently 5.5% per annum. The three-month LIBOR rate one month ago was 4.6% per annum. OIS rates for all maturities are currently 2.9% with continuous compounding. All other rates are compounded quarterly. Compute the value of the swap.