Travelex Australia provides the following three exchange rates. You assume that there is a triangular arbitrage profit opportunity exists based on the following three quotations. Calculate the arbitrage profit if you have A$1.18 million or MYR2.79 million or CNY3.13 million

Value of a Chinese yuan (CNY) in Australian dollarsBid rate (Sell)0.2046Ask rate (Buy)0.2243 Value of a Malaysian ringgit (MYR) in Australian dollarsBid rate (Sell)0.3044Ask rate (Buy)0.3281 Value of a Malaysian ringgit (MYR) in Chinese yuan (CNY)Bid rate (Sell)1.7799Ask rate (Buy)1.9834