Linda Clark received $221,000 from her mother's estate. She placed the funds into the hands of a broker, who purchased the following securities on Linda's behalf: a. Common stock was purchased at a cost of $98,000. The stock paid no dividends, but it was sold for $160,000 at the end of three years. b. Preferred stock was purchased at its par value of $53,000. 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 $39,000. c. Bonds were purchased at a cost of $70,000. The bonds paid annual interest of $1,500. After three years, the bonds were sold for $86,000. 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 11% return, and he gave Linda the following computations to support his statement: Common stock: Gain on sale ($160,000 $98,000) $ 62,000 Preferred stock: 9,540 Dividends paid (6% x $53,000 x 3 years) Loss on sale (S39, 000 -53,000) (14,000) Bonds: Interest paid (1,500 x 3 years) Gain on sale ($86,000 $70,000) 4,500 16,000 $78,040 Net gain on all investments S78,040 + 3 years11.80 $221,000 Using a 11% discount rate, compute the net present value of each of the three investments. (Enter negative amounts with a minus sign. Round computations to the nearest whole dollar.) Net Present Value Common stock Preferred stock Bonds on which investment(s) did Linda earn a 11% rate of return? (Select all that apply.) Common Stock Bonds Preferred Stock Linda wants to use the $285,000 proceeds ($160,000 + $39,000 + $86,000 = $285,000) from sale of the securities to open a retail store under a 11-year franchise contract. What minimum annual net cash inflow must the store generate for Linda to earn a 10% return over the 11-year period? (Round your answer to the nearest whole dollar.) Minimum annual net cash inflow