A CMO is being issued with 2 tranches: - Tranche A has $21 million in principal and a 3.2% coupon. - Tranche B has $12 million in principal and a 3.2% coupon. The mortgages backing the security issued are FRM at a mortgage rate of 4.2% with 10-year maturities and annual payments. There is no guarantee/service fee. Prepayment is assumed to be 5% CPR. What is the cash flow to Tranche A investors in year 1? Round your answer to two decimal points (e.g. if your answer is $45,666.6666, write 45666.67).