2) Using the three exchange rates you listed in the step above, show the profit earned through the process of triangular arbitrage on June 1, 2023 if there were no transaction costs and you were to begin with the equivalent of $70,000,000 (U.S.). Show all calculations for the necessary steps. (Hint: Look at Chapter 5 Sample Problems 5 and 6.) (You should be using the Pesos to Euro rate from OFX and the other rates from FRED.) (a) Peso and Euro: .052921 (b) Dollar to Euro: 1.0934 (c) Peso to Dollar: $7.1255