You are an american hedge fund manager looking to invest in Spain. The current spot exchange rate is $0\mathrm{.}920/$$ and a $3-$month forward exchange rate is $0\mathrm{.}756/$$$.$ The interest rate is $5\mathrm{.}5\%$ per year in the USA and $5\mathrm{.}61\%$ per year in Spain. $1$million dollars is the limit up to which you can borrow.

You want to make profit in U$.$S dollars. What would be the profit using an appropraite arbitrage strategy?