ce 50 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 $23,500 for 1030 shares of Malti Company's common stock. She received a $917 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 earn a return of at least 8% on all of her investments. She is not sure whether the Malte Company stock provided a 8% return and would like some help with the necessary computations Click here to view Exsbt.78.1 and Exhibit 7B-2. to determine the appropriate discount factors) using tables. Required: 1. Compute the net present value that Kathy earned on her investment in Malt Company stock 2. Did the Malte Company stock provide a 8% return? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the present value that Kathy earned on her investment in Mali Company stock. (Negative amounts should be Indicated by a minus sign. Round your final awer to the nearest whole dollar amount) Required 2 > Next > o E 3 F2 Q F3 F4 of F5 F6 F7