Suppose that you are the treasurer of IBM with an extra $1,000,000 to invest for six months. You are considering the purchase of U.S. T-bills that yield 1.810 percent over a six-month period. The spot exchange rate is $1.00 = 100, and the six-month forward rate is $1.00 = 110. Alternatively, the six-month interest rate in Japan on an investment of comparable risk is 13 percent. What is the arbitrage profit?