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 here:

$\backslash$table$[[,\backslash$table$[[$Fixed$-$Rate$],[$Borrowing Cost$]],\backslash$table$[[$Floating$-$Rate$],[$Borrowing Cost$]]],[$Company X$,10\%,$SOFR$],[$Company Y$,128,$SOFR $+1\mathrm{.}5\%$