Suppose Embraer's $608 million in dollar receivables mentioned above were outstanding at the beginning of the second quarter and that payment for $397 million was not received until the end of the quarter. The remaining $211 million was still outstanding at the end of the quarter. With an 18% real appreciation during the quarter, how much of a dollar loss would Embraer take on these receivables? In performing the calculation, consider that Embraer must first translate its dollar receivables into reais and then convert any loss measured in reais back into dollars.