Branger Ltd. has the choice of issuing floating-rate debt at LIBOR + 1% or fixed-rate debt at Swaps 6%. Likewise, Creeson Plastics can issue floating-rate debt at LIBOR + 2.5% or fixed-rate debt at 7.7%. Suppose Branger issues fixed-rate debt and Creeson issues floating-rate debt. The two companies are considering a swap where Branger will make LIBOR payments to Creeson in exchange for a fixed-rate payment of 5.1%. What are the net payments of Branger and Creeson if they engage in the swap? Is it better for Branger to issue fixed-rate debt and enter into the swap or to issue floating-rate debt? Is it better for Creeson to issue floating-rate debt and to enter into the swap or issue fixed-rate debt? What decision would each company make if the fixed-rate payment on the swap was 5.5%?