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Doug Bernard specializes in cross-rate arbitrage. He notices the following quotes: Swiss franc/dollar = SFr1.6035 /$ Australian dollar/U.S. dollar =A$1.8287/$ Australian dollar/Swiss franc =A$1.1488/SFr opportunity,

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Doug Bernard specializes in cross-rate arbitrage. He notices the following quotes: Swiss franc/dollar = SFr1.6035 /$ Australian dollar/U.S. dollar =A$1.8287/$ Australian dollar/Swiss franc =A$1.1488/SFr 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.)

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