Company A wishes to borrow U.S. dollars at a fixed rate of interest. Company B wishes to borrow Canadian dollars at a fixed rate of interest. The amounts required by the two companies are roughly the same at the current exchange rate. The companies have been quoted the following interest rates, which have been adjusted for the impact of taxes: Company A Company B Canadian dollars 5.0% 6.5% US dollars 7.5% 8.0% Given that all foreign exchange risk is assumed by the bank and a bank, acting as intermediary, charges 40 basis points per annum. Please calculate how much each company would end up with paying by using swaps (Hint: No need to show the specific design of the swap: just show the final cost of borrowing with swaps for each company)