Doug Bernard specializes in cross-rate arbitrage. He notices the following quotes:

Swiss franc/dollar = SFr1.5979/$

Australian dollar/U.S. dollar = A$1.8224/$

Australian dollar/Swiss franc = A$1.1446/SFr

Required:

Ignoring transaction costs,

Does Doug Bernard have an arbitrage opportunity based on these quotes?

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.