Carl Patterson likes investing in stocks that pay dividends. Carl owns 105 shares of a local utility company. The stock pays a regular annual dividend in the amount of $4.75 per share, and the company has indicated that the dividend will stay the same for a long time. If Carl reinvests his dividends each year and the dividends earn a return of 6 percent each year, how much will Carl accumulate in 14 years? Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value annuity $ 1,745.70