answer entire question a and b with all steps shown

CB Solutions. Heather O'Reilly, the treasurer of CB Solutions, believes interest rates are going to rise, so she wants to swap her future floating-rate interest payments for fixed rates. Presently, she is paying per annum on $5,000,000 of debt for the next two years, with payments due semiannually. LIBOR is currently 3.981% per annum. Spread paid over LIBOR, per annum is 2.000%. Heather has just made an interest payment today, so the next payment is due six months from now. Heather finds that she can swap her current floating-rate payments for fixed payments of 7.005% per annum. (CB Solutions" weighted average cost of capital is 12%, which Heather calculates to be 6% per 6 -month period, compounded semiannually). a. If LIBOR rises at the rate of 50 basis points per 6 -month period, starting tomorrow, how much does Heather save or cost her company by making this swap? b. If LIBOR falls at the rate of 25 basis points per 6 -month period, starting tomorrow, how much does Heather save or cost her company by making this swap? a. If LIBOR rises at the rate of 50 basis points per 6-month period, starting tomorrow, how much does Heather save or cost her company by making this swap? The swap for the first six-month period is s (Select from the drop-down menu and round to the nearest dollar.)