Suppose that the annual interest rate is 4.0 percent in the United States and 2.0 percent in Japan, and that the spot exchange rate is 115/$ and the forward exchange rate, with one-year maturity, is 110/$. Assume that an arbitrageur can borrow up to $1,000,000 or its equivalent in Japanese yen. If an astute trader finds an arbitrage opportunity, what is the arbitrage profit in Japanese yen in one year?

Group of answer choices 1,210,000 2,776,840 2,900,000 137,500