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

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The table below presents the costs of borrowing for Walmart and Tesla, and the a Swap Bank quote against LIBOR. Walmart would like to get a $1,500,000.00 floating-rate loan. Tesla would like to get a $1,500,000,00 fixed-rate loan. How much can Tesla save each year by entering a swap agreement? Fixed-Rate Borrowing Cost Floating-Rate Borrowing Cost Walmart 3.00 Libor Tesla 7.5 Libor+4.4 Swap Bank Quote Bid Ask 3,05% 3.08% @None of the alternatives Walmart 3.00 Libor Tesla 7.5 Libor+4.4 Swap Bank Quote Bid Ask 3.05% 3.08% None of the alternatives O $1,200 $750 $300 $450

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