A CMO is being issued with 2 tranches: - Tranche A has $66 million in principal and a 3% coupon. - Tranche B has $15 million in principal and a 4.9% coupon. The mortgages backing the security issued are FRM at a mortgage rate of 4.9% with 10 year maturities and annual payments. There is no guarantee/servicer fee. Prepayment is assumed to be 5% CPR. What is the dollar amount of prepayments in year 1? Round your answer to two decimal points