Linda Clark received $227,000 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 $97,000. The stock paid no dividends, but it was sold for $166,000 at the end of three years. b. Preferred stock was purchased at its par value of $52,000. The stock paid a 4% dividend (based on par value) each year for three years. At the end of three years, the stock was sold for $37,000. c. Bonds were purchased at a cost of $78,000. The bonds paid annual interest of $4,500. After three years, the bonds were sold for $83,000. 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 ($166,000 - $97,000) Preferred stocki Dividends paid (4 Loss on sale ($37,000 Bonds: $ 69,000 $52,000 3 years) $52,000) Interest paid ($4,500 x 3 years) Gain on sale ($83,000-$78,000) Net. gain on all investments $78,740 3 years/$227,000 = 11.60% 6,240 (15,000) 13,500 5,000 $ 78,740 Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using tables. Required: 1-a. Using a 11% discount rate, compute the net present value of each of the three investments. 1-b. On which investment(s) did Linda earn a 11% rate of return? 2. Considering all three investments together, did Linda earn a 11% rate of return? 3. Linda wants to use the $286,000 proceeds ($166,000+ $37,000+ $83,000 $286,000) from sale of the securities to open a retail store under a 9-year franchise contract. What minimum annual net cash inflow must the store generate for Linda to earn a 8% return over the 9-year period? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3 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