General Electric and Vintage Soda Company are both interested in borrowing $10,000,000 for capital projects. General Electric wishes to borrow at floating rate and Vintage desires fixed. Below are the rates that each firm could obtain on their own in the fixed and floating markets. General Electric Vintage Floating LIBOR +.1 LIBOR +.75 If these two companies enter into an interest rate swap with an intermediary, demonstrate the numerical benefit that all three parties can attain from the swap agreement. Fixed 3.5% 4.75