Check my work Linda Clark received $237,000 from her mother's estate. She placed the funds into the hands of a broker, who purchased the following securities on Linda's behalf a. Common stock was purchased at a cost of $120,000. The stock paid no dividends, but it was sold for $220,000 at the end of three years b. Preferred stock was purchased at its par value of $45,000. The stock paid a 8% dividend (based on par value) each year for three years. At the end of three years, the stock was sold for $31,000 c. Bonds were purchased at a cost of $72,000. The bonds paid annual interest of $4,000. After three years, the bonds were sold for $74,000 The securities were all sold at the end of three years so that Linda would have funds available to open a new business venture. The broker stated that the investments had earned more than a 15% return, and he gave Linda the following computations to support his statement: Common stock: 100,000 Gain on sale ($220,000 $120,000) Preferred stock: Dividends paid (8% x $45,000 x 3 years) Loss on sale ($31,00 $45,000) 10,800 (14,000) Bonds: Interest paid ($4,000 x 3 years) Gain on sale ($74,000 $72,000) 12,900 2,000 $110,800 Net gain on all investments $110,8003 years $237,00 15.60 % Click here to view Exhibit 13B-1 and Exhibit 138-2, to determine the appropriate discount factor(s) using tables Required 1a. Using a 15% discount rate, compute the net present value of each of the three investments 1-b On which investment(s) did Linda earn a 15% rate of return? 2. Considering all three investments together, did Linda earn a 15% rate of return? 3. Linda wants to use the $325,000 proceeds ($220,000 $31,000 $74,000 $325,000) from sale of the securities to open a retail store under a 9-year franchise contract, what minimum annual net cash inflow must the store generate for Linda to earn a 12% return over the 9-year period? Complete this question by entering your answers in the tabs below Req 1B Req 3 Req 1A Req 2 using a 15% discount rate, compute the net present value of each of the three investments. Enter negative amounts with a minus sign. Round computations to the nearest whole dollar.) Net present value Common stock Preferred stock Bonds Required 1-a. Using a 15% discount rate, compute the net present value of each of the three investments. 1-b On which investment(s) did Linda earn a 15% rate of return? 2. Considering all three investments together, did Linda earn a 15% rate of return? 3. Linda wants to use the $325,000 proceeds ($220,000 $31,000$74,000 $325,000) from sale of the securities to open a retail store under a 9-year franchise contract, what minimum annual net cash inflow must the store generate for Linda to earn a 12% return over the 9-year period? Complete this question by entering your answers in the tabs below Req 1A Req 18 Req 3 Req 2 Linda wants to use the $325,000 proceeds ($220,000$31,000+$74,000 $325,000) from sale of the securities to open a retail store under a 9-year franchise contract. What minimum annual net cash inflow must the store generate for Linda to earn a 12% return over the 9-year period? (Round your answer to the nearest whole dollar.) Minimum annual net cash inflow