1. Wall 3.00 points Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return that she is earning. For example, three years ago she paid $18,000 for 920 shares of Malti Company's common stock. She received a S718 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 $21,000. Kathy would like to eam a return of at least 16% on all of her investments. She is not sure whether the Malt Company stock provided a 16% retum and would like some help with the necessary computations. (Ignore Income taxes.) Click here to view Exhibit 8B-1 and Exhibit 8B-2, to determine the appropriate discount factor(s) using tables Required: a. Determine the net present value. (Round your answer to the nearest whole dollar.) Net present value b. Did Kathy Myers eam 16% return on her investment? Yes O No References eBook & Resources Worksheet Difficulty: 1 Easy Learning Objective: 08-02 Evaluate the acceptability of an investment project using the net present value method