The dollar-euro exchange rate in Frankfurt is E = $1.10/1. If you start with 100 euros and want dollars, what would you rather do, trade euros directly for dollars in Frankfurt, or engage in a cross trade; that is, trade your euros for British pounds in London (at E = 1.40/1) and then trade those pounds for dollars in New York (at E = 0.65/$1)? (Round your results to two decimal places.)