Assume the following information regarding U.S. and European annualized interest rates: The U.S. leading rate is 6.73%; The U.S. borrowing rate is 7.20%; The European leading rate is 6.80%; The European borrowing rate is 7.28%. A bank can borrow either $20 million or 20 million. The current spot rate of the euro is $1.13. Furthermore, the bank expects the spot rate of the euro to be $1.10 in 90 days. What is the bank's dollar profit from speculating if the spot rate of the euro is indeed $1.10 in 90 days?

a. $579,845.

b. $583,800.

c. $588,200.

d. $584,245.