Goldtiger is issuing a CMO with 2 tranches: - Tranche A has $4 thousand in principal and a 2.0% coupon. - Tranche B has $3 thousand in principal and a 2.0% coupon. The mortgages backing the security issued are FRM at a mortgage rate of 2.0% with 10 year maturities and annual payments. There is no guarantee/servicer fee. Prepayment is assumed to be 5% CPR. In year 1, what is the cash flow to investors in Tranche B? Round your answer to two decimal points (e.g. if your answer is $50,999.4532, write 50999.45)