Suppose that the one-year interest rate is 4.9 percent in the United States and 2.98 percent in Germany, and that the spot exchange rate is $1.1778/ and the one-year forward exchange rate, is $1.295/. Assume that an arbitrageur can borrow up to $1,000,000. Calculate his arbitrage profit. If there is no arbitrage opportunities enter zero as your answer. Answer Format: Keep two decimals. Include the currency unit. For example: 1.12($); 1.121 )