The following spot exchange rates involving MYR (Malaysian Ringgit), AUD (Australian dollars), and NZD (New Zealand dollars) are available. (You can either buy or sell at the stated rates -- there are no bid-ask spreads.)

Assume you have an initial amount of 4 mio NZD. Can you make a profit via triangular arbitrage? If so, calculate the amount of profit (give your answer to the nearest NZD) in NZD (New Zealand dollars). If not, enter zero.

1.11 NZD = 1.0 AUD 2.75 MYR = 1.0 NZD 3.00 MYR = 1.0 AUD