Given the following information:

Current spot exchange rate: $$1\mathrm{.}80/$

Six$-$month forward exchange rate: $$1\mathrm{.}83/$

Interest rate in the U$.$S$.$: $10\%$ per annum Interest rate in the U$.$K$.$: $7\%$ per annum

You can borrow either $$1,800,000$ or $1,000,000.$

a$.$ Determine whether the Interest Rate Parity $($IRP$)$ condition holds under these circumstances