Linda Clark received $150,000 from her mother's estate. She placed the funds into the hands of a broker, who purchased the following securities on Linda's behalf: Common stock was purchased at a cost of $130,000. The stock paid no dividends, but it was sold for $220,000 at the end of three years. Preferred stock was purchased at its par value of $44,000. The stock paid a 6% dividend (based on par value) each year for three years. At the end of three years, the stock was sold for $30,000.Bonds were purchased at a cost of $71.000. The bonds paid annual interest of $3,500. After three years, the bonds were sold for $73,000.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 16% return, and he gave Linda the following computations to support his statement:Click here to view Exhibit 13B-1 and Exhibit 13B-2. to determine the appropriate discount factor(s) using tables.Required: Using a 16% discount rate, compute the net present value of each of the three investments. (Any cash outflows should be indicated by a minus sign. Round discount factor(s) to 3 decimal places.) On which investment(s) did Linda earn a 16% rate of return? (You may select more than one? Answer. Single click the box with a check mark for correct? Answers and double click to empty the box for the wrong? Answers.) Common stock Bonds Preferred stock considering all three investments together, did Linda earn a 16% rate of return?Yes No Linda wants to use the $323,000 proceeds ($220,000 + $30,000 + $73,000 = $323,000) from sale of the securities to open a retail store under a 8-year franchise contract. What annual net cash inflow must the store generate for Linda to earn a 11% return over the 8-year period? (Round discount factor(s) to 3 decimal places.)