Microsoft would like to borrow pounds, and Boots wants to borrow dollars. Because Microsoft is better known in the United States, it can borrow on dollars at 6% and pounds at 7.5%, whereas Boots can on its own borrow dollars at 6.4% and pounds at 7.1%. Suppose Microsoft wants to borrow 2 million for two years, Boots wants to borrow $3.2 million for two years, and the current ($/) exchange rate is $1.60/. What swap transaction would accomplish this objective? Assume the counterparties would exchange principal and interest payments with no rate adjustments