Suppose that the annual interest rate is 5.0% in the United States and 3.4% in Germany, and that the spot exchange rate is $1.13 / and the forward exchange rate, with one-year maturity, is $1.17 / . Assume that an arbitrageur can borrow up to $1,000,000. If an astute trader finds an arbitrage, what would be the net cash flow in one year after paying the interest expenses? $21,363.24 $34,623.35 $70,601.77 $20,601.77