Bubba, who lives in Scotland, invested 1 million in IBM, a U.S. company, trading at a market value of $85 per share. The conversion rate for pounds to dollars was 1 to $1.65 at the time of the investment. Assume that after two years, the stock doubles in price and he sells the stock when the conversion rate for pounds to dollars is 1 to $2.00. How much is his gain in pounds?

Please show work, preferrably in excel