You own 1,100 shares of stock in Avondale Corporation. You will receive a $2.00 per share dividend in one year. In two years, Avondale will pay a liquidating dividend of $48 per share. The required return on Avondale stock is 20 percent. Suppose you want only $1,000 total in dividends the first year.

What will your homemade dividend be in two years? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

Homemade dividend

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