Suppose it faces the following exchange and interest rates.

Spot rate: $$0\mathrm{.}9422-31/$Can$

Forward rate $(90$ days$)$: $$0\mathrm{.}9440-61/$Can$

Canadian dollar $90-$day interest rate $($annualized$)$: $4\mathrm{.}71\%4\mathrm{.}64\%$

U$.$S$.$ dollar $90-$day interest rate $($annualized$)$:$5\mathrm{.}50\%5\mathrm{.}35\%$

What is the cost in $ for the alternative that you would recommend?

Note that the first interest rate is the borrowing rate and the second one is the lending rate.