You own 2,200 shares of stock in Armstrong Corporation. You will receive a $1.50 per share dividend in one year. In two years, Armstrong will pay a liquidating dividend of $45 per share. The required return on Armstrong stock is 20%. Suppose you want only $2,700 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 $