Answer is correct if you can please show how to solve. Thanks!

8. The table below presents the costs of borrowing for Caterpillar and Dell, and the a Swap Bank quote against LIBOR. Caterpillar would like to get a $4,500,000.00 floating rate loan. Dell would like to get a $4,500,000.00 fixed rate loan. How much can Caterpillar save each year by entering a swap agreement? Fixed-Rate Floating-Rate Borrowing Cost Borrowing Cost 2.00 LIBOR 5.00 LIBOR + 2.90 Caterpillar Dell Swap Bank Quote Bid 2.04% Ask 2.09% (a) $4,050 (b) $1,800 (c) $450 (d) $2,250 (e) None of the above