Suppose that the annual interest rate is $2\mathrm{.}0$ percent in the United States and $4$ percent in Germany, and that the spot exchange rate is $$1\mathrm{.}60/$ and the forward exchange rate, with one$-$year maturity, is $$1\mathrm{.}58/.$ Assume that an arbitrager can borrow up to $$1,000,000$ or $625,000.$ If an astute trader finds an arbitrage opportunity, what is the net cash flow in one year?

Multiple Choice

$$238\mathrm{.}65$

$$46,207$

$$14,000$

$$7,000$