A company issues a five$-$year $$100$M variable rate bond with the following term structure: year$1-6\mathrm{.}25\%$ year$2-7\mathrm{.}00\%$ year$3-6\mathrm{.}50\%$ year$4-7\mathrm{.}25\%$ year$5-7\mathrm{.}00\%$ Calculate the swap rate $($R$)$ and calculate the swap payments, payments to the bondholder who agreed to receive variable payments in lieu of swap payments.