1. Lok Kee Sdn. Bhd. is a Malaysian subsidiary of Rookie A.G., a MNE established in Germany. Rookies consolidated financial statements are kept in euro. All of Lok Kee's previous earnings were reinvested as capital. The balance sheet of Lok Kee on 30 June 2020 is in the following:

Assets	MYR Liabilities & Net Worth	MYR
Cash	8,250,000 Accounts payable	12,375,000
Accounts receivable	16,500,000 Long-term debt	24,750,000
Inventory Net plant & equipment	24,750,000 Invested capital 33,000,000	45,375,000
Total	82,500,000 Total	82,500,000

On 30 June 2020, the exchange rate was MYR5.00/Euro. On 1 July 2020, the Euro has suddenly appreciated by 10% against the MYR.

1. 1. Calculate the translation gains or loss to Rookie A.G. on 1 July 2020 with current rate method (only), assuming that there is no change in balance sheet accounts between these two days
2. How much would the MYR need to depreciate to have the equivalent net translation gain/loss as calculated in b)?