E8-1 An analyst predicted last year that the stock of Mallard Inc. would offer a total return of at least 8% in the coming year. At the beginning of the year, the firm hac total stock market capitalization of $20 million. At the end of the year, its market cap was $23 million even though it experienced a loss, or negative net income, of $ million. Did the analyst's prediction prove correct? Explain using the values for tot annual return