In the previous problem, suppose you want only £400 total in dividends the first year. What will your homemade dividend be in 2 years?

Data from Previous problem

You own 2,000 shares of equity in Avondale Property plc. You will receive a £0.25 per share dividend in one year. In 2 years, Avondale will pay a liquidating dividend of £0.75 per share. The required return on Avondale shares is 18 per cent. What is the current share price of your equity (ignoring taxes)? If you would rather have equal dividends in each of the next 2 years, show how you can accomplish this by creating homemade dividends.