Ganado needs to borrow C$$10$ million or the foreign currency equivalent for $5$ years. Royal Bank of Canada has agreed to a $5-$year bullet loan $($that is$,$ Ganado is required to pay interest only in each of these $5$ years and repay the principal on the maturity date$)$ at an annual rate of $15\%$ with a $1\%$ issuance fee up$-$front. Alternatively, Ganado may take out a Swiss$-$franc$-$denominated bullet loan from a Swiss bank with annual interest rate of $10\%$ and without any other fee. The current exchange rate is C$$0\mathrm{.}7/$Sfr and is expected to be C$$0\mathrm{.}75/$Sfr at the end of the next year and to change at the same percentage rate for each of the remaining $4-$year life of the loan. Which financing alternative do you recommend Ganado to take based on the cost only?