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 pald $$19,000$ for $930$ shares of Malti Company's common stock. She recelved a $$735$ 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 $$22,000.$ 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 provide a $17\%$ return and would IIke

some help with the necessary computations.

Click here to vlew Exhiblt $14$B$-1$ and Exhiblt $14$B$-2,$ to determine the approprlate discount factor$($s$)$ using tables.

Required:

Compute the net present value that Kathy earned on her Investment In Malti Company stock.

Did the Maltl Company stock provide a $17\%$ return?

Complete this question by entering your answers in the tabs below.

Compute the net present value that Kathy earned on her investment in Malti Company stock. $($Negative amounts should be

indicated by a minus sign. Round your final answer to the nearest whole dollar amount.$)$

Net present value