An analyst predicted last year that the stock of Logistics, Inc, would cller a total retum of at least 8% in the coming year. At the beginning of the year, the firm had a totai stock market capitalization of $12 million. At the end of the year, its market cap was $13.5 milion even though it expenenced a loss, or negative net income, of $2 milion. Did the analyst's prediction prove correct? Explain using the values for total annual retum. The total rate of return for the firm is 6. (Round to two decimal places)