Kurnick Co. expects that the pound will appreciate from $1.28 to $1.64 per pound in 69 days. It has no money to invest, but it could borrow money to invest. It has been approved by a bank to borrow either 3 million dollars or 3 million pounds for one year. It can borrow dollars at annual rate of 6.96% or British pounds at 5.67%. It can invest in a risk-free dollar deposit at annual rate of 4.11% or a risk-free British deposit at 4.54%. 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.)