of changu 11.10 Cairo Ingot. tian subsidiary a British multination engine blocks nean's home reporti 11 poscu accounts. ngot, Ltd. Cairo Ingot, Ltd., is the Egyp- idiary of Trans-Mediterranean Aluminum h multinational that fashions automobile blocks from aluminum. Trans-Mediterra. e home reporting currency is the British pound iva Ingot's December 31 balance sheet is shown the following table. At the date of this balance heet, the exchange rate between Egyptian pounds and British pounds sterling was E5.50/UKE. Liabilities and Net Worth Cash E16,500,000 Accounts E24,750,000 payable 33,000,000 Long-term 49,500,000 debt 49,500,000 Invested 90,750,000 Assets Accounts receivable Inventory capital Net plant and equipment 66,000,000 165,000,000 165,000,000 What is Cairo Ingot's contribution to the translation exposure of Trans-Mediterranean on December 31, using the current rate method? Calculate the trans- lation exposure loss to Trans-Mediterranean if the exchange rate at the end of the following quarter 15 LE6.00/. Assume all balance sheet accounts are he same at the end of the quarter as they were at the beginning