Chrysler Corporation has a floating rate loan outstanding at 6m LIBOR +35 bp (eg 9gb = .0009) The new CFO is worried about rates going higher and calls an investment bank for a wap quote and receives the spread of 1.75%/ 1.85% against LIBOR flat. If Chrysler moves ahead on the transaction, what is their all in net fixed interest rates cost in annual % terms to two decimal places but do not put in % sign (eg 1.880% = 1.80).