A currency dealer can borrow $1,310,000 (or the equivalent in euros) for one year. The one-year interest rate is 4.90% in the U.S. and 9.40% in the euro zone. The spot exchange rate is $1.5944/€1.00 and the one-year forward exchange rate is $1.5004/€1.00. What arbitrage profit results if the trader borrows the maximum available funds? €36,549.00 OR $54,838.12 €17,023.93 OR $25,542.70 €25,542.70 OR $38,324.27 €87,786.77 OR $131,715.27 €58,950.00 OR $88,448.58 €10,214.36 OR $15,325.63