Suppose that the current spot exchange rate is $\frac{1\mathrm{.}50}{}$ and the one$-$year forward exchange rate is $1\mathrm{.}60/.$ The one$-$year interest rate is $5\mathrm{.}4\%$ in euros and $5\mathrm{.}2\%$ in pounds. You can borrow at most $1,000,000$ or the equivalent pound amount, i$.$e$.,666,667,$ at the current spot exchange rate.

Assume that you are a euro$-$based investor. What is your arbitrage profit from covered interest arbitrage?