Assume that you have US$1,000,000 to invest and the relevant information is as follows. The spot and the 90-day forward rate of pound are US$1.30/ and US$1.28/, respectively. Suppose that the 90-days interest rates in the U. S. and in the U. K. are 3% and 4%, respectively (note: these rates are not annualized). If you use covered interest arbitrage for a 90-day investment, what will be the amount of U.S. dollars you will have after 90 days?