QWE Corporation, which wants to borrow at a floating interest rate, can borrow at a fixed rate of 6.1% per year and a floating rate of LIBOR + 0.3% per year. LKJ Industries, which wants to borrow at a fixed interest rate, can borrow at a fixed rate of 7.2% per year and a floating rate of LIBOR + 0.8% per year. If the two companies use an interest rate swap to lower their borrowing costs and split the benefits equally, what will be LKJs annual net borrowing cost?