Given the information:

Interest rate in US $($Rh$)$: $5\%$

Interest rate in Canada$($Rh$)$: $7\%$

Line of credit in US USD $10,000,000$

Line of credit in Canada CAD $10,000,000$

The spot rate for CAD $($S$0)$: $$0\mathrm{.}800$

$1-$year forward rate for CAD $($FR$)$: $$0\mathrm{.}791$

$$

Based on your recommended investment strategy your covered interest arbitrage profit should be: