For the reaction
2Fe3+(aq)+2I−(aq)→2Fe2+(aq)+I2(aq)
thermochemical data give ΔH∘=+12kJ and the equilibrium constant K=4.6×108. The standard cell potential is measured as +0.70V. Based solely on the sign of the standard cell potential, predict whether the reaction is thermodynamically favorable under standard conditions and state your reasoning briefly.