You are given the following information concerning two stocks that make up an index.

Assume that you want to reindex with the index value at the beginning of the year equal to 100. What is the index level at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

		Price per Share
	Shares Outstanding	Beginning of Year			End of Year
Kirk, Inc.	39,000	$	72		$	74
Picard Co.	28,000		115			112

Index level