Alpha and Beta Companies can borrow $10 million for a five-year term at the following rates: Fixed-rate borrowing cost Floating-rate borrowing cost Alpha 5.0% LIBOR+0.5% Beta 4.0% LIBOR% Calculate the quality spread differential. Develop an interest rate swap in which both Alpha and Beta have an equal cost savings in their borrowing costs and a swap bank nets 0.1%. Assume Alpha desires fixed-rate debt and Beta desires floating-rate debt. Assume that the swap bank follows the convention of quoting swaps against LIBOR flat. Draw the swap diagram showing direction of cash flows and interest rates.