The following quotes present an arbitrage opportunity.

Bank A: $$1\mathrm{.}20=1$

Bank B: $1\mathrm{.}10=1$

Bank C: $$1\mathrm{.}25=1$

What is the arbitrage profit in terms of a percentage?Select one:

a$.$

$5\mathrm{.}2\%$

b$.$

$5\mathrm{.}6\%$

c$.$

$5\mathrm{.}9\%$

d$.$

$6\mathrm{.}3\%$

e$.$

$6\mathrm{.}6\%$

$3$

WACC for the project

$0\mathrm{.}12$

Nominal growth rate

$0\mathrm{.}10$

Foreign tax rate $($T$)$

$0\mathrm{.}40$

Initial investment in NWC

$90$

Cost of equipment

$900$

Cost of factory building

$1,000$

Salvage value, equipment

$200$

Salvage value, factory building

$800$

Revenue $($year $1)$

$4,000$

Fixed cost $($year $1)$

$200$

Variable cost $(\%$ of revenue$)$

$0\mathrm{.}40$

Annual depreciation

$300$

Withholding tax on remitted funds

$0\mathrm{.}10$