I have a few fiance questions please check over my work.....please see attachment.... I know that some of the answers are wrong.

5.Reactive Industries has the following capital structure. Its corporate tax rate is 35%. Security Debt Preferred stock Common stock Market Value $20 million 20 million 60 million Required Rate of Return 6% 8 12 What is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) WACC 10.00 % 6. We Do Bankruptcies is a law firm that specializes in providing advice to firms in financial distress. It prospers in recessions when other firms are struggling. Consequently, its beta is negative, .2. a. If the interest rate on Treasury bills is 5% and the expected return on the market portfolio is 20%, what is the expected return on the shares of the law firm according to the CAPM? (Enter your answer as a whole percent.) Expected return 2 % b. Suppose you invested 70% of your wealth in the market portfolio and the remainder of your wealth in the shares in the law firm. What would be the beta of your portfolio? (Round your answer to 2 decimal places.) Portfolio beta 6. Icarus Airlines is proposing to go public, and you have been given the task of estimating the value of its equity. Management plans to maintain debt at 27% of the company's present value, and you believe that at this capital structure the company's debtholders will demand a return of 5% and stockholders will require 12%. The company is forecasting that next year's operating cash flow (depreciation plus profit after tax at 40%) will be $65 million and that investment expenditures will be $27 million. Thereafter, operating cash flows and investment expenditures are forecast to grow in perpetuity by 4% a year. a. What is the total value of Icarus? (Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole dollar amount.) Total value 3.99 $ million b. What is the value of the company's equity? (Do not round intermediate calculations. Enter your answer in millions rounded to 1 decimal place.) Company's equity 2.91 $ million 5. A share of stock with a beta of .66 now sells for $48. Investors expect the stock to pay a year-end dividend of $2. The T-bill rate is 5%, and the market risk premium is 8%. a. Suppose investors believe the stock will sell for $50 at year-end. Is the stock a good or bad buy? What will investors do? The stock is a buy and the investors . b. At what price will the stock reach an \"equilibrium\" at which it is perceived as fairly priced today? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price $