On January 2, Fred Critchfield paid $20,000 for 940 shares of the common stock of Acme Company. Mr. Critchfield received an $0.80 per share dividend on the stock at the end of each year for seven years. At the end of seven years, he sold the stock for $23,000. Mr. Critchfield has a goal of earning a minimum return of 13% on all of his investments. (Ignore income taxes.)