Zapata Auto Parts, the Mexican affiliate of Continental A.G. had the balance sheet shown at the foot of the previous page on January 1:

Assets (Mex$ millions)		Liabilities (Mex$ millions)
Cash, marketable securities Accounts receivable Inventory Net noncurrent assets	Mex$1,000 50,000 32,000 111,000	Current liabilities Long-term debt Equity	Mex$47,000 12,000 135,000
Total assets	Mex$194,000	Liabilities plus equity	Mex$194,000

The exchange rate on January 1 was Mex$8,000 = 1 euro

(a) What is Zapatas peso translation exposure on January 1?