S$17-11$ Homemade Dividends

You own $1,000$ shares of stock in Avondale Corporation. You will receive a $$3\mathrm{.}45$ per share dividend in one year. In two years, the company will pay a liquidating dividend of $$62$ per share. The required return on the company's stock is $15$ percent. Suppose you want only $$1,500$ total in dividends the first year.

What will your homemade dividend be in two years? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.

Homemade dividend

S $,58,897\mathrm{.}50$