Question $3-5$ marks

In a recent e$-$news, you observe that the $6-$month forward rate is $$1\mathrm{.}5031/$ Euro. Further, if you invest the dollar, it fetches you interest at the rate of $2\%$ p$.$a$.$ In comparison, the interest rate in Eurozone is $1\%$ p$.$a$.$ You also see that CAD $1\mathrm{.}5513$ are needed to purchase a Euro and CAD $1\mathrm{.}332$ are needed to buy a US$$.$ Is it possible for you to make an arbitrage profit? If so$,$ which of the arbitrage strategies will you employ and what will be the profit? Assume that interest rate parity holds, and you have one million dollars available to conduct arbitrage.