Kumidk Co. expects that the pound will depreclate fram $1.70 to $1.68 in one year. It has no money to invest, but it could borrow money to invest. A bank alows it to borrow either 1.6 milian doilars or 1.6 milion pounds for one year. It can boerow dollars at 6.0 percent or British peunds at 5.5 percent for one year. It can invest in a riskifree daliar deposit at 5.5 percent for one year or a riak-feee British deposit at 4.5 percent for ene yeac. Determine the expected proft or loss (in dollars) if kurnick Co. pursues a strategr to capitalize on the expected depreciation of the pound. Do not round intermediate calciations. Aound your anwer to the nearest dolat. Einter your answer as o pesitive value. Kurnick Co, borrons and inest in a nikitree depost to capitalize on the erpected deprecation of the pound. The supected is is Kumidk Co. expects that the pound will depreclate fram $1.70 to $1.68 in one year. It has no money to invest, but it could borrow money to invest. A bank alows it to borrow either 1.6 milian doilars or 1.6 milion pounds for one year. It can boerow dollars at 6.0 percent or British peunds at 5.5 percent for one year. It can invest in a riskifree daliar deposit at 5.5 percent for one year or a riak-feee British deposit at 4.5 percent for ene yeac. Determine the expected proft or loss (in dollars) if kurnick Co. pursues a strategr to capitalize on the expected depreciation of the pound. Do not round intermediate calciations. Aound your anwer to the nearest dolat. Einter your answer as o pesitive value. Kurnick Co, borrons and inest in a nikitree depost to capitalize on the erpected deprecation of the pound. The supected is is