Company $x$ wants to borrow $$10,000,000$ floating for $5$ years; company $Y$ wants to borrow $$10,000,000$ fixed for $5$ years. Their external borrowing opportunities are shown in the table below:

A swap bank proposes the following interest only swap: $x$ will pay the swap bank annual payments on $$10,000,000$ with the coupon rate of LIBOR $-0\mathrm{.}15\%$; in exchange, the swap bank will pay to company $x$ interest payments on $$10,000,000$ at a fixed rate of $9\mathrm{.}90\%.$

What is the value of this swap to company X$?$

$\backslash$table$[[,$Fixed Rate Borrowing Cost,Floating Rate Borrowing Cost$],[$Company X$,10\%,$LIBOR$],[$Company Y$,12\%,$LIBOR $+1\mathrm{.}5\%$