3) Suppose that the annual interest rate is 2.0 percent in the United States and 4p Germany, and that the spot exchange rate is $1.60/E and the forward exchange rate, with one-year maturity, is $1.58/. Assume that an arbitrager can borrow up to $1,000,000 or 625,000. If an astute trader finds an arbitrage, what is the net cash flow in one year? A) $46,207 percent in 43 B) $14,000 C) $7,000 D) $238.65