The table below presents the costs of borrowing for Caterpillar and Tesla, and the a Swap Bank quote against LIBOR. Caterpillar would like to get a $$5,000,000\mathrm{.}00$ floating rate loan. Tesla would like to get a $$5,000,000\mathrm{.}00$ fixed rate loan. How much can Tesla save each year by entering a swap agreement?

$\backslash$table$[[,\backslash$table$[[$Fixed$-$Rate$],[$Borrowing Cost$]],\backslash$table$[[$Floating$-$Rate$],[$Borrowing Cost$]]],[$Caterpillar$,3\mathrm{.}00,$LIBOR$],[$Tesla$,6\mathrm{.}50,$LIBOR $+2\mathrm{.}60],[$Swap Bank Quote,,$],[,$Bid,Ask$],[,3\mathrm{.}19\%,3\mathrm{.}74\%]]$

$($a$)$ $$37,000$

$($b$)$ $$9,500$

$($c$)$ $$8,000$

$($d$)$ $$27,500$

$($e$)$ None of the above

THE CORRECT ANSWER IS $($C$)8,000.$ NEED HELP WITH MATH