On January 2 RIchie Valens pauid $24000 for 980 shares of the common stock of

On January 2 RIchie Valens pauid $24000 for 980 shares of the common stock of Acme Company. Mr. Valens recieved an $0.84 per share dicidend on the stock at
the end of each year for five years. At the end of five years he sold the stock for $22000 Mr Valens has a goal of earning a minimum return of 10% on all of
his investments

a) Determine the net present value (Negative amount should be indicated by a minus sign. Round discount factors to 3 decimal places intermediate and final
answers to the nearest dollar amount.

What is the net present value??

b) Did mr Valens earn a 10% return on the stock?