A conducting circular loop is placed in a uniform magnetic field $\mathrm{B}=0.125 \mathrm{~T} with its plane perpendicular to the loop. If the radius of the loop is made to shrink at a constant rate of 2 \mathrm{~mm} \mathrm{~s}^{-1}, then the induced emf when the radius is 4 \mathrm{~cm}$ is