8 value: 2.00 points Exercise 11-8 Basic Net Present Value Analysis L011-2] 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 $22,500 for 850 shares of Malt Company's common stock. She received a $765 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 10% on all of her investments. She is not sure whether the Malti Company stock provided a 10% return and would like some help with the necessary computations. (Ignore income taxes) Click here to view Exhibit 11B-1 and Exhibit 118-2, to determine the appropriate discount factor(s) using tables Required a. Determine the net present value. (Round your answer to the nearest whole dollar) present value b. Did Kathy Myers eam 10% retum on her investment? Yes No