Cooper Derivatives believes the New Zealand dollar will appreciate the next sixty days from $.48 to $.50. The following annual interest rates apply:

Currency Lending Rate Borrowing Rate

Dollars 6.10% 6.50%

New Zealand dollar (NZ$) 5.80% 6.25%

Cooper Derivatives has the capacity to borrow either NZ$10 million or $5 million. If Cooper Derivative's forecast is correct, what will its dollar profit be from speculation over the sixty-day period (assuming it does not use any of its existing consumer deposits to capitalize on its expectations)?