K-Roo Ltd. and Ala Co, both want to borrow USD 114 million. K-Roo Ltd. can borrow fixed-rate JPY at a rate of 4.65%, or it can borrow floating-rate USD at LIBOR +0.21% Ala Co. can borrow fixed-rate JPY at a rate of 4.73%, or it can borrow floating-rate USD at LIBOR +0.87% K-Roo Ltd. would like to borrow fixed-rate JPY and Ala Co. would like to borrow floating-rate USD, The current exchange rate is JPY64/USD. The intermediary bank charges a fee of 8 basis points to arrange the swap. What are the possible cost savings to K-Roo Ltd. in JPY terms from a swap agreement, if all remaining cost savings accrue to K- Roo? a. 36.4800 million b. 0.0103 million C. 42.3168 million d. 0.0089 million e. There are no cost savings to K-ROo Ltd. from a swap