Kurnick Co. expects that the pound will appreciate from $1.23 to $1.67 per pound in one year. It has no money to invest, but it could borrow money to invest. It has been approved by a bank to borrow either 2 million dollars or 2 million pounds for one year. It can borrow dollars at annual rate of 5.98% of British pounds at 6.54%. It can invest in a risk-free dollar deposit a l rate of 3915 or a risk free British depositat 3.07%. Determine the expected profit in dollars) if Kurnick Co, purvues a Mrategy to capitalize on the expected appreciation of the pound (round up to a dollar Please DONOT compue in the intermediate steps