Siam Cement. Siam Cement, the Bangkok$-$based cement manufacturer, suffered enormous losses with the coming of the Asian crisis in $1997.$ The company had been

pursuing a very aggressive growth strategy in the mid$-1990$s$,$ taking on massive quantities of foreign$-$currency$-$denominated debt $($primarily U$.$S$.$ dollars$).$ When the Thai

baht $($B$)$ was devalued from its pegged rate of B$24\mathrm{.}3/$$ in July $1997,$ Siam's interest payments alone were over $$900$ million on its outstanding dollar debt $($with an average

interest rate of $9\mathrm{.}46\%$ on its U$.$S$.$ dollar debt at that time$).$ Assuming Siam Cement took out $$50$ million in debt in June $1997$ at $9\mathrm{.}46\%$ interest, and had to repay it in one year

when the spot exchange rate had stabilized at B$41\mathrm{.}9/$$$,$ what was the foreign exchange loss incurred on the transaction?

The amount of the foreign exchange loss incurred on the transaction is $B$

$($Round to the nearest whole number.$)$