The Following Information Is Given Boeing and Airbus Have Agreed to Swap Their Debt Payments

The following information is given.
$\begin{array}{lll} & \text { Fixed Rate } \$(\%) & \text { Floating Rate Euro (\%) } \\\text { Boeing } & 5.5 \% & \text { LIBOR }+0.25 \% \\\text { Airbus } & 5.7 \% & \text { LIBOR }+0.05 \%\end{array}$ Boeing and Airbus have agreed to swap their debt payments so that each firm gets its preferred debt terms.Each firm will save the same amount in percentage terms.
a)Does Boeing prefer fixed or floating rate debt? What rate does it pay on its preferred debt?
b)Does Airbus prefer fixed or floating rate debt? What rate does it pay on its preferred debt?
c)What are the total interest savings available in this interest rate swap?
d)Which company has the advantage in fixed rate debt?