Consider the situation of firm A and firmB. The current exchange rate is $2.00/£ Firm A is a U.S. MNC and wants to borrow £30 million for 2 years. Firm B is a British MNC and wants to borrow $60 million for 2 years. Their borrowing opportunities are as shown, both firms have AAA credit ratings. 
The IRP 1-year and 2-year forward exchange rates are 
Devise a direct swap for A and B that has no swap bank. Show their external borrowing. Answer the problem in the template provided. 
Definitions:
Additional Time
An extension of time provided beyond the original allotment, often used in contexts such as examinations, project deadlines, or sports matches.
Inches
A unit of length in the imperial and United States customary systems, equivalent to 1/12 of a foot or 25.4 millimeters.
Contemporary Perspective
Present-day viewpoints or methods of understanding in a particular field, often considering the latest research and developments.
Daily Basis
The frequency of something happening or being performed every day.
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