Assume the following information regarding U.S. and European annualized interest rates:

Currency Lending Rate Borrowing Rate

U.S. Dollar ($) 0.0674 .072

Euro () .068 0.0728

Sterling Bank can borrow either $20,600,000 million or 20,600,000 million. The current spot rate of the euro is $1.13. Furthermore, Sterling Bank expects the spot rate of the euro to be $1.10 in 90 days. What is Sterling Banks dollar profit from speculating if the spot rate of the euro is indeed $1.10 in 90 days?