One year Interest rates in Brazil and the US are $14\%$ and $5\%$ respectively. Real$/$USD rate is $4\mathrm{.}97$ on $1$ st Jan $2024$ and ends up being $5\mathrm{.}02$ on $31$ st Dec $2024.$ Which of the following is true?

Looking at the data, analysts see that USD appreciates against Brazil on yearly basis Analysts suggests that ideally his firm should implement a carry by borrowing in Brazil and investing in the US as USD is likely to appreciate,

A US investor investing in Brazil will have a carry of $0\mathrm{.}78$ Mn $

A US investor investing in Brazil will have a carry of $11\mathrm{.}28$ Mn S

Both a and b