You are currently borrowing $10 million at six-month LIBOR + 50 basis points. The LIBOR is at 4 percent. You expect to borrow this amount for five years but are worried that LIBOR will rise in the future. You can buy a 6 percent cap on six-month LIBOR over the next five years with an annual cost of 0.5 percent (paid semiannually). Describe the evolution of your borrowing costs under various interest rate scenarios.