A currency dealer can borrow $1,180,000 (or the equivalent in euros) for one year. The one-year interest rate is 5.80% in the U.S. and 2.50% in the euro zone. The spot exchange rate is $1.5166/ 1.00 and the one-year forward exchange rate is $1.5479/1.00. What arbitrage profit results if the trader borrows the maximum available funds? 38,940.00 OR $60,275.23 6,772.73 OR $10,483.51 31,152.00 OR $48,220.18 9,030.31 OR $13,978.02 13,978.01 OR $21,636.56 42,664.94 OR $66,041.06