Lanvin and Bottega companies are offered a five-year term borrowing at the following rates. Fixed-rate Floating-rate Lanvin Co. 10.50% LIBOR + 0.50% Bottega Co. 11.00% LIBOR + 2.00% If they enter into a plain vanillla interest rate swap with each other where the apparent benefits are shared equally. If the LIBOR is 8.27%, the notional principal is $20 million; payments are based on the assumption of 180 days in the payment period and 360 days in a year. Find the upcoming net payment in the plain vanilla interest rate swap between Lanvin Co. and Bottega Co