Swissie Triangular Arbitrage. The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an initial SF 11,100,000. Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in Swiss francs (Swissies).

Mt. Fuji Bank	92.77/$
Mt. Rushmore Bank	SF 1.04/$
Mt. Blanc Bank	90.12/SF

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Part 1

Calculate the first arbitrage opportunity attempt below:(Round to the nearest cent.)

Attempt Number 1: Start with SF to $
Step 1 : SF to $	$