Can someone help me with this, Please?

Company X wants to borrow $10,000,000 floating for 5 years; company Y wants to borrow 5,000,000 fixed for 5 years. The exchange rate is $2= 1 and is not expected to change over the next 5 years. Their external borrowing opportunities are: Borrowing EBorrowing C10 5 $108 Company X 13 Company Y $12t A swap bank proposes the following interest-only swap: Company X will pay the swap bank annual payments on $10,000,000 at an interest rate of $9.80 percent; in exchange the swap bank will pay to company X interest payments on 5,000,000 at a fixed rate of 10.5 percent. Y will pay the swap bank interest payments on 5,000,000 at a fixed rate of 12.80 percent and the swap bank will pay Y annual payments on $10,000.000 with the coupon rate of percent SWAP $9.8% $120 Y 10.50 BANK 12.80%L If company X takes on the swap, what external actions shouid they engage in? Multiple Choice none of the options They should borrow $10,000,000 at $10 percent They should borrow 5.000.000 t10.50 percent interest-only for five years; translate pounds to dollars at the spot rate; enter long position in a forward contract to buy 5,000,000 in five years. They should borrow 5,000.000 10.50 percent interest-only for five years; translate pounds to dollars at the spot rate. B