Barry Modin bought 670 of Gingridge LLC at a price of $41.15 about 5 years ago that sell for $66.75 per share today. Barry pays capital gains tax at the rate of 15%, and pays tax on dividends at the rate of 25%.
Suppose the Gingridge pays a dividend per share of $2.75. How much of the total dividend paid by the company to Barry will he get to keep?
Place your answer in dollars and cents without a comma or dollar sign.