Sunrise Bank can borrow one-year, floating-rate CDs at LIBOR+1% or fixed-rate CDs at 13%. Sunset Bank can borrow one-year, floating-rate CDs at LIBOR or fixed-rate at 11%

What is the net financing cost rate if all the benefits going to Sunset Bank? Please state all the relative rates for this swap arrangement for the two banks. Assume a swap intermediary fee of 10 basis points will be paid by Sunset Bank as Sunrise Bank receives no benefits from this swap transaction