Suppose a dealer quotes ‘All-in-cost' for a generic swap at 8% against six month SOFR flat. If the notional principal amount of swap is $ 5 Million.…

Suppose a dealer quotes ‘All-in-cost' for a generic swap at 8% against six month SOFR flat. If the notional principal amount of swap is $ 5 Million. (i) Calculate semi-annual fixed payment. (ii) Find the first floating rate payment for (i) above if the six-month period from the effective date of swap to the settlement date comprises 181 days and that the corresponding SOFR was 6% on the effective date of swap. In (ii) above, if the settlement is on ‘Net' basis, how much the fixed rate payer would pay to the floating rate payer? Note: 1. Generic swap is based on 30/360 days basis. 2. All calculations should be rounded off to three decimal places. However, the final amounts should be rounded off to the nearest whole number, without any fractional value.