A carrency dealer can borrow $1,400,000 (or the equivalent in euros) for one year. The one-year interest rate is 6.80% in the U.S, and 4.20% in the euro zone. The spot exchange rate is $1.2128/1.00 and the one-year forward exchange rate is $1.2597/1.00. What arbitrage profit results if the trader borrows the maximum available funds? $77,688.53 OR 61,672.25 $36,400.00 OR 28,895.77 $9,850.03 OR 7,819.35 $100,995.09 OR 80,173.92 $15,887.14 OR 12,611.84 $20,013.03 OR 15,887.14