Suppose the interest rate on Brazilian real is 0.12 and the interest rate on a comparable dollar investment in New York is 0.08. The Brazilian real spot rate is $0.2679, and the one-year forward rate is $0.262542. Assume that the borrowing and lending rates are identical and the bid-ask spread in the spot and forward markets is zero. What is the amount of profit for an arbitrageur if she borrows $1,000,000 in New York, invest abroad for one-year and pays back her debt in a year (remember that the arbitrageur must repay principal plus interest at the end of the year)?