Eurodollar futures

Part 7. Suppose you are planning to borrow $75.5 million dollars in six months. The loan will be for three months. The current LIBOR rate is 5%. You are concerned about changes in LIBOR. Part a. Use Eurodollar futures to construct a hedge that will protect your cost of borrowing. Part b. Show the cost of borrowing if after six months, LIBOR=5%,4%, and 6%