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The table below presents the costs of borrowing for Caterpillar and ExxonMobil, and a Swap Bank quote against LIBOR. Caterpillar would like to get a

The table below presents the costs of borrowing for Caterpillar and ExxonMobil, and a Swap Bank quote against LIBOR. Caterpillar would like to get a floating rate loan. ExxonMobil would like to get a fixed rate loan. How much can Caterpillar save by entering a swap agreement?
\table[[,Fixed-Rate Borrowing Costs,Floating-Rate Borrowing Cost],[Caterpillar,8,Libor],[ExxonMobil,9,Libor+0.20],[Swap Bank Quote,,],[,Bid,Ask],[,8.18%,8.65%
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