9 Please answer all parts of the question, please. Thank you :)

Question 23 (10 points) Distinguish between unique/firm-specific risk and systematic/market risk for an individual stock. Which of these does the market use to determine the riskiness and therefore the price of the stock? Question 24 (10 points) A firm is determining the NPV for a project that will be terminated after 5 years. They will purchase equipment today that will be fully depreciated to zero over 5 years. The firm anticipates that they can sell the used equipment in five years for 20% of the initial investment. There are no opportunity costs or taxes. The level of working capital in each of years 1 through 4 is 15% of sales, and sales in Year 4 will be $3,000,000. If the total value of the investment account in year 5 is $1,250,000, what is the cost of the original investment? DO OC- Paragraph w BIU