(12 points) Consider the following exchange rate quotations provided by three different banks:

Bank of America: $0.80/C$

Bank of Toronto: SF1.42/C$

Deutsche Bank: $0.55/SF

Suppose you are a U.S.-dollar based trader with $1,000,000 capital. Show how you can make arbitrage profit from the above exchange rate quotation. Also determine the arbitrage profit in U.S. dollar terms. (Hint: assume that SF/C$ is mispriced)