Kurnick Co. expects that the pound willappreciatefrom $1.27 to $1.75 per poundin 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 4 million dollars or 4 million pounds for one year. It can borrow dollars at annual rate of 5.83% or British pounds at 6.44%. It can invest in a risk-free dollar deposit at annual rate of 4.36% or a risk-free British deposit at 3.28%. Determine the expected profit (in dollars) if Kurnick Co. pursues a strategy to capitalize on the expected appreciation of the pound (Please round your answer up to a dollar and fill the blank with a number only. Please keep at least 6 decimals for the intermediate steps.)