Extract an attachment from a sniffed SMTP session

While going through an Intrusion Analysis course I have encountered a demo on how to use Wireshark to extract an attachment from a sniffed SMTP session. For some reason even though I follow the process indicated in the lecture, which appears more than reasonable to me, I always end up with the creation of a corrupted attachment (PDF). Please refer to the below packet capture

https://www.dropbox.com/s/y8s0zl3fvrcoict/carve-smtp.pcap?dl=0

The process described in the lecture boils down to 5 points

1) Use Analyze > Follow TCP Stream to see the conversation

2) Save the whole conversation in raw format (the attachment is obviously inside, base64 encoded). Let’s call it carve.raw

3) Carve out everything apart from the base64 encoding

4) Remove the ^M characters in the file (result of different line endings used in Windows and Linux) and save it. It can be done quickly in vi with

:%s/^M//g

5) Use base64 to decode the encoded attachment in this way

base64 -d carve.raw > attached.pdf

(it is said that the attachment is a PDF)

Point 5 is where I immediately understand that something is wrong as the output I get is

base64: invalid input

Nevertheless, the attachment file is created and, when I try to open it, I receive the information that the file is corrupted.

Does anybody know what I am missing?

P.S: Even though I would like to keep this exercise “low-level” (as manual as possible), I have tried to extract the file with Foremost as well and it failed to identify anything.