You are an investor and notice a diversified portfolio, D from the table below. Suppose you use a multifactor APT model and expect D to generate a return of 10.25% during the next year. Using a risk-free rate of 4%, calculate the beta, market risk premium (6%), and CAPM then determine how much arbitrage profit you could generate on a $100,000 position.

Time	A, %	B, %	C, %	D, %	E, %	Market, %
1	12	6	7	12	8	7
2	6	21	-3	-5	-10	14
3	-7	-2	-2	-2	-5	2
4	13	7	14	17	21	12
5	12	9	18	24	24	15
6	12	4	5	14	10	10

Group of answer choices

$919.49

$807.38

$453.39

-$247.81