Takeshi Kamada, a foreign exchange trader at Credit Suisse (Tokyo), is exploring covered interest arbitrage possibilities. He wants to invest $8835894 or its yen equivalent, in a covered interest arbitrage between U.S. dollars and Japanese yen. He faced the following exchange rate and interest rate quotes:

Spot rate (=$1.00)	118.60
180-day forward rate (=$1.00)	117.80
180-day U.S. dollar interest rate	4.800%
180-day Japanese yen interest rate	3.400%

How much can he make in profit? Round to the nearest dollar/yen