Anita Vasquez received $230,000 from her mother's estate. She placed the funds into the hands of a broker, who purchased the following securities on Anita's behalf: Common stock was purchased at a cost of $115,000. The stock paid no dividends, but it was sold for $250,000 at the end of four years. Preferred stock was purchased at its par value of $17,000. The stock paid a 10% dividend (based on par value) each year for four years. At the end of four years, the stock was sold for $11,000. Bonds were purchased at a cost of $98,000. The bonds paid $5,880 in interest every six months. After four years, the bonds were sold for $105,900. (Note: In discounting a cash flow that occurs semiannually, the procedure is to halve the discount rate and double the number of periods. Use the same procedure in discounting the proceeds from the sale.) (Ignore income taxes.) The securities were all sold at the end of four years so that Anita would have funds available to start a new business venture. The broker stated that the investments had earned more than a 20% return, and he gave Anita the following computation to support his statement: $190,740 + 4 years/$230.000 = 20.7% Click here to view Exhibit 11B-1 and Exhibit 11B-2. to determine the appropriate discount factors) using tables