You are the Financial Manager of the Trading Division of Eager Foreign Exchange Division. Your Latin American Division in Houston is providing you the following quotations: (You may either buy or sell at the stated rates). Bank of New York: Peso 10.00/$ Bank of Cancun: Sol 0.33/ Peso Bank of Lima: $0.33/ Sol Assume you have an initial wealth of $1,000,000 U.S. dollars in U.S.A. Is Triangular Arbitrage Possible with Latin American Currencies? If so, compute Eager’s profits?