You own 1,800 shares of stock in Armstrong Corporation. You will receive a $1.60 per share dividend in one year. In two years, Armstrong will pay a liquidating dividend of $66 per share. The required return on Armstrong stock is 10%. Suppose you want only $600 total in dividends the first year.

What will your homemade dividend be in two years? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

Homemade dividend $