2. Cash flow calculations and net present value On January 220X1 Bruce Greene in

2. Cash flow calculations and net present value On January 220X1 Bruce Greene invested $10000 in the stock market andpurchased 500 shares of Heartland Development Inc. Heartland paidcash dividends of $2.60 per share in 20X1 and 20X2; the dividendwas raised to $3.10 per share in 20X3. On December 31 20X3 Greenesold his holdings and generated proceeds of $13000. Greene usesthe net-present- value method and desires a 16% return oninvestments. a. Prepare a chronological list of the investmentscash flows. Note: Greene is entitled to the 20X3 dividend. b.Compute the investments net present value rounding calculationsto the nearest dollar. c. Given the results of part (b) shouldGreene have acquired the Heartland stock? Briefly explain.