Doug Bernard specializes in cross-rate arbitrage He notices the following quotes Swiss franc/dollar SF16077/$ Australian dollar/U.S. dollar A$1.8345/$ Australian dollar/Swiss franc = A$1.1521/SF Ignoring transaction costs, does Doug Bernard have an arbitrage opportunity based on these quotes? If there is an arbitrage opportunity, 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 Intermediate calculations. Round your answer to 2 decimal places.) Arbitrage profit