Cairo Ingot, Ltd.Cairo Ingot, Ltd., is the Egyptian subsidiary of Trans-Mediterranean Aluminum, a British multinational that fashions automobile engine blocks from aluminum. Trans-Mediterranean's home reporting currency is the British pound. Cairo Ingot's December 31 balance sheet is shown. At the date of this balance sheet the exchange rate between Egyptian pounds and British pounds sterling was E5.50/.

Assets				Liabilities and Net Worth
Cash	15,500,000			Accounts payable	24,600,000
Accounts receivable	33,000,000			Long-term debt	48,000,000
Inventory	48,500,000			Invested capital	89,400,000
Net plant & equipment	65,000,000
	E162,000,000				162,000,000

What is Cairo Ingot's contribution to the translation exposure of Trans-Mediterranean on December 31, using the current ratemethod? Calculate the translation exposure loss toTrans-Mediterranean if the exchange rate at the end of the following quarter is E5.90/. Cairo Ingot's translated balance sheet using the current rate method is shown. Assume all balance sheet accounts are the same at the end of the quarter as they were at the beginning.

Cash 15,500,000 5.50 2,818,182 5.90 2,627,119 Accounts receivable 33,000,000 5.50 6,000,000 5.90 5,593,220 Inventory 48,500,000 5.50 8,818,182 5.90 8,220,339 Net plant and equipment 65,000,000 5.50 11,818,182 5.90 11,016,949 Total 162,000,000 29,454,546 27,457,627 Liabilities and Net Worth Accounts payable 24,600,000 5.50 4,472,727 5.90 4,169,492 Long-term debt 48,000,000 5.50 8,727,273 5.90 8,135,593 Invested capital 89,400,000 5.50 16,254,545 5.50 16,254,545 Translation adjustment (CTA) ? 1 15,500,000t2y Total 162,000,000 29,454,546 27,457,627

Using the current rate method, what is Cairo Ingot's contribution to the translation exposure of its parent? ___(Round to the nearest Egyptian pound.)

What is Cairo Ingot's contribution to its parent's translation loss if the exchange rate on March 31st is poundE5.905.90/pound? ___(Round to the nearest Britishpound.)