Assume the one-year interest rate in the United States is 1.52% and in France is 3.57%. Currently, the spot exchange rate is 1 EUR = 1.202 USD and the one-year forward exchange rate is 1 EUR = 1.278 USD. What arbitrage profit can you earn on an investment value of USD 0.5 million? Answer: USD (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER. ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES, AND NO SEPARATOR FOR THOUSANDS.)