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

Assume the value-weighted index level was 280.98 at the beginning of the year. 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.		40,000			$	64			$	70
Picard Co.		35,500				114				122

	Index level