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 $24,500 for 1,020 shares of Malt Company's common stock. She received a $898 cash dividend on the stook at the end of each year for three years. At the end of three years, she sold the stock for $20,000. Kathy would like to earn a return of at least 8% on all of her investments. She is not sure whether the Malti Company stock provided a 8% return and would like some help with the necessary computations. (Ignore income taxes.) Click here to view Exhibit 118-1 and Exhibit 11B-2, to determine the appropriate discount factorfs) using tables. Required: a. Determine the net present value. (Round your answer to the nearest whole dollar.) Net present value 30 b Did Kathy Myers earn 8% retum on her investment