Question: Beta Corp is paying $ 3 8 0 , 0 0 0 in fixed interest payments per year while Delta Corp is paying LIBOR plus

Beta Corp is paying $380,000 in fixed interest payments per year while Delta Corp is paying LIBOR plus 50 basis points on a $6 million loan. The current LIBOR rate is 5.5 percent Beta Corp and Delta Corp have agreed to swap interest payments. What is The net payment between these firms this year?

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