Mr. Arthur recently purchased shares of Bingham Corporation common stock for $6,000. The stock is expected to provide total annual end-of- period dividends of $400 per year indefinitely. Assuming a discount rate of 8%, what is the NPV of this investment? 5,000

Mr. Arthur recently purchased shares of Bingham Corporation common stock for $6,000. The stock is expected to provide total annual end-ofperiod dividends of $400 per year indefinitely. Assuming a discount rate of 8%, what is the NPV of this investment