Consider the information below: U.S. investors have $1,700,000 to invest: 1-year deposit rate offered on U.S. dollars = 9.0% 1-year deposit rate offered on euros = 13.0% 1-year forward rate of euro = $1.20 Spot rate of euro = $.1.40 Given this information, if you conduct a covered interest arbitrage, how much dollars will you have in one year?

$1,819,000

None of the answers provided is correct

$2,768,571

$1,646,571

$3,227,280