3. Your company expects that the euro will appreciate from $1.17 to $1.25 in one year. Your company has no money to invest, but it could borrow money to invest. It has been approved by a bank to borrow either 1 million dollars or 1 million euros for one year. It can borrow dollars at 4% or euros at 3% for one year. It can invest in a risk-free dollar deposit at 2% for one year or a risk-free German deposit at 1% for one year. Determine the expected profit or loss (in dollars) if your company pursues a strategy to capitalize on the expected appreciation of the euro