Company L, a high-rated firm, desires a floating-rate, long-term loan. Company L currently has access to floating interest rate funds at LIBOR and its direct borrowing cost is 8.50%% in the fixed-rate bond market. In contrast, company M, which prefers a fixed-rate loan, has access to fixed-rate funds in the Eurodollar bond market at 10% and floating-rate funds at LIBOR+0.50\%. If the companies were to enter into an interest rate swap and share the savings equally, what would be the cost for each company after the interest rate swap is completed? Show your work (how you get to the final answer)