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Exercise 13-10 Net Present Value Analysis (LO13-2] Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return

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Exercise 13-10 Net Present Value Analysis (LO13-2] 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 $19,500 for 990 shares of Malti Company's common stock. She received a $842 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 $23,000. Kathy would like to earn a return of at least 17% on all of her investments. She is not sure whether the Malti Company stock provided a 17% return and would like some help with the necessary computations. Click here to view Exhibit 13B-1 and Exhibit 138-2 to determine the appropriate discount factor(s) using tables Required: 1. Compute the net present value that Kathy earned on her investment in Malti Company stock. 2. Did the Malti Company stock provide a 17% return

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