Kurick Co. expects that the pound will depreciate from $1.67 to $1.35 per pound in 178 days. It has no money to invest, but it could borrow money to invest. It has been approved by a bank to borrow either 1.7 million dollars or 1.7 million pounds for one year. It can borrow dollars at annual rate of 6.66 or British pounds at 7.366. It can invest in a risk free dollar deposit at annual rate of 4 or a risk free British deposit at 4.06%. Determine the expected profit (in dollars) if Kumick Co pursues a strategy to capitalize on the expected depreciation of the pound (round up to a dollar)? Please DONOT compute in the intermediate steps