Eight years ago, exactly, the Crimson Company issued a $50 million, 10-year, $1,000 par value, callable bond, with a 7% annual coupon rate, and a 5% call premium over par. With 2 years to go before the bond matures, Crimson is considering calling the bond because interest rates have suddenly decreased. If it decides to call the bond, and since it still needs the funding for the remaining 2 years, it will replace the bond with a 2-year bank loan of an equivalent amount ($50 million), with an annual interest rate of 4%. Interest would be paid at the end of each year, and the principal repaid at maturity. Calculate whether Crimson management would save by calling the bond and replacing it with the bank loan. Should it call its loan?