Why is this answer $479,667?

Assume the following information regarding U.S. and Canadian annualized interest rates: Currency Lending Rate Borrowing Rate U.S. Dollar ($) 5.89% 6.35% Canadian Dollar (C$) 5.60% 6.0096 Piggy Bank can borrow either $20 million or C$30 million. Furthermore, Piggy Bank expects the spot rate of the Canadian dollar to be $0.82 in 60 days (the current spot rate is $0.80). What is the profit or loss from Piggy Bank's speculation if the spot rate 60 days from now is indeed $0.82? O a. $20.21 million O b. $502,166 O c. $479,667 O d. $20.69 million O e. $454,200