Question: Please provide the right answer! Will thumbs up if right. Carter Enterprises can issue floating - rate debt at LIBOR + 1 % or fixed

Please provide the right answer! Will thumbs up if right.
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 +3.1% 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 8.25% 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: ?%
What is the Net payment of Brence: -(LIBOR +?%)

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