Question $4(15$ points$)$

An investor bought $100$ shares of Omega common stock for $$14,000.$ They held the stock

for $9$ years. For the first $4$ years they received annual end$-$of$-$year dividends of $$800.$ For the

next $4$ years they received annual dividends of $$400.$ They receive no dividend for the ninth

year. At the end of the ninth year they sold their stock for $$6000.$

$7$ pts$\_($a$)$ Draw the cash flow diagram.

$8pts$

$($b$)$ What rate of return did they receive on the investment?