Spot rate DKK 6.8911/$`

12-month forward rate DKK 6.9866/$

Inflation in US 2.0 percent/year

Inflation in Denmark 4.4 percent/year

Interest rate in US 3.2 percent/year

Interest rate in Denmark 5.5 percent/year

If instead of entering into the real estate market, you decide to probe into arbitrage opportunities between the two markets, what is your risk-free profit or less after one year if you borrow $4,500,000.00 in the US and transfer it to Denmark today? For simplicity, assume that the interest rates given above are for borrowing or investing.