Doug Bernard specializes in cross-rate arbitrage. He notices the following quotes: Swiss franc/dollar = SFr1.6027/\$ Australian dollar/U.S. dollar =A$1.8278/$ Australian dollar / Swiss franc = A\$1.1482/SFr Required: Ignoring transaction costs, a. Does Doug Bernard have an arbitrage opportunity based on these quotes? b. How much would he profit if he has $1,000,000 available for this purpose? Note: Do not round intermediate calculations. Round your answer to 2 decimal places