Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return she is earning. For example, three years ago she paid £13,000 for 200 shares of the common stock of Malti Company. She received a £420 cash dividend on the stock at the end of each year for three years. At the end of three years, she sold the stock for £16,000. Kathy would like to earn a return of at least 14% on all of her investments. She is not sure whether the Malti Company stock provided a 14% return and would like some help with the necessary computations. Using the net present value method, determine whether or not the Malti Company stock provided a 14% return. Use the general format illustrated in Exhibit 14.4 and round all computations to the nearest whole pound.