Doug Bemard speclalizes in cross rate arbitrage. He notices the following quotes: Swiss francidollar - $5/1607/1$ Australan dollar/US, dollar - AS1.8345/\$ Australlan dollar/Swiss franc = A\$1.152WSFr Ignoring transaction costs, does Doug Bemard have an arbitrage opportunity based on these quotes? If there is an arbitrage opportunily, what steps would he take to make an arbitrage profit, and how much would he profit if he has $1,000,000 available for this purpose? (Do not round intermediote calculotions. Round your answer to 2 decimal placess)