Assume the following information:
Current spot rate of New Zealand dollar	$0.66
Forecasted spot rate of New Zealand dollar 1 year from now	$0.69
One-year forward rate of the New Zealand dollar	$0.68
Annual interest rate on New Zealand dollars	8%
Annual interest rate on U.S. dollars	9%
Given the information in this question, the return from covered interest arbitrage by U.S. investors with $500,000 to invest is ____ percent.

11.27

8.00

12.91

12.30