I need help from a finance tutor with questions P17-1, P17-2, and P18-8. Please read the instructions on page one carefully.

Instructions NAME: To complete the homework assignments in the templates provided: 1. The question is provided for each problem. You may need to refer to your textbook for additional information in a few cases. 2. You will enter the required information into the shaded cells. 3. The cells are coded: a) T requires a text answer. Essay questions require references; use the textbook. b) C requires a calculation, using Excel formulas or functions. You cannot perform the operation on a calculator and then type the answer in the cell. You will enter the calculation in the cell, and only the final answer will show in the cell. I will be able to review your calculation and correct, if necessary. c) F requires a number only. In some problems, a \"Step 1\" is added to help you solve the problem. d) Formula requires a written formula, not the numbers. For example, the rate of return = [(1 + nominal)/ (1+inflation)]-1, or D (debt) + E (equity) = V (value). 4. Name your assignment file as "LastnameFirstinitial-BUSN602-Week#", and submit by midnight ET, Day 7. Discussion Question 12-9 Explain what is meant by \"market efficiency.\" What are the characteristics of an efficient market? Answer: Market efficiency explaines a market in which all important and relavent information is available to all involved at the same time, and where prices and performance responds immediately to information which is available (Dictionary, 2012). When examining efficiant markets, stockmarkets are thought to be the best examples of efficient markets. Characteristics of an efficient market are available information, a system which operates efficiently, liquidity, transaction costs, and the effectiveness of information which is processed. Dictionary, B. (2012, April 09). Efficient Market. Retrieved from Business Dictionary: http://www.businessdictionary.com/definition/efficient-market.html Discussion Question 12-18 How does systematic risk differ from unsystematic risk? Answer: Systemic risk and unsystemic risk differ from one another in that unsystemic risk, also refered to as residual risk, specific risk, or diversifiable risk is a form of uncertainty which is aquired through industries or businesses investors choose to invest in (Investopedia, 2013). Systemic risk is also known as volatility, market risk, or un-diversafiable risk. Systemic risk involves common day to day movements and fluctuations in stock prices (Investopedia, 2013). Investopedia. (2013, November 17). Systemic and Unsystemic Risk. Retrieved from Investopedia: http://www.investopedia.com/walkthrough/corporate-finance/4/returnrisk/systematic-risk.aspx Discussion Question 12-20 What is meant by the Capital Asset Pricing Model? Describe how it relates to expected return and risk. Answer: The Capital Asset Pricing Model ra=rf+Ba(rm-rt) is a formula which explains risk and expected return relationships in high risk securities (Investopedia, 2013). The CAPM also reveals what the expected type of return asset will have and how it relys on the amountl of systematic risk. This risk is measured against that of the market portfolio. The CAPM reveals the expected return depending on the level of systematic risk. Assets having lower risk levels, lower the systematic risk and the expected return (Investopedia, 2013). Investopedia. (2013, October 14). Capital Asset Pricing Model. Retrieved from Investopedia: http://www.investopedia.com/terms/c/capm.asp Problem 12-6 Find the real return on the following investments: Stock A B C Nominal Return 10% 15% -5% Inflation 3% 8% 2% Answers: Enter the answers in blue shaded cells Stock A B C Real Return 7.0% 7.0% -7.0% Click on the cell for directions Problem 12-7 Find the real return, nominal after-tax return, and real after-tax return on the following: Stock X Y Z Nominal Return 13.5% 8.7% 5.2% Inflation 5.0% 4.7% 2.5% Tax Rate 15% 25% 28% Nominal after-tax return 11.48% 6.53% 3.74% Real after-tax return 6.48% 1.83% 1.24% Answer: Enter the answers in blue shaded cells Stock X Y Z Real Return 8.50% 4.00% 2.70% Click on the cell for directions Discussion Question 13-13 How are industry-operating differences reflected in a firm's financial statements? Answer: T Problem 13-2 Use your knowledge of balance sheets to fill in the amounts missing below. Answers: Enter the answers in blue shaded cells ASSETS Cash Accounts receivable Inventory Total current assets Gross P&E Less accumulated depreciation Net P&E Total assets $10,000 100,000 110,000 $220,000 500,000 -125,000 $375,000 $595,000 TIP: A=L+E LIABILITIES Accounts payable Notes payable Total current liabilities Long-term debt Total Liabilities $12,000 50,000 $62,000 128,000 $190,000 EQUITY Common stock ($1 par, 100,000 shares) Paid-in capital Retained earnings Total stockholders' equity Total liabilities and equity 100,000 155,000 150,000 $405,000 $595,000 Problem 13-5 Use your knowledge of income statements to fill in the missing items below. Answers: Enter the answers in blue shaded cells Sales COGS Gross profit G&A expense Sales & Mkting expense Depreciation Operating income Interest Income before taxes Income taxes (30%) Net income $2,175,000 575,000 $1,600,000 200,000 $250,000 50,000 $1,100,000 100,000 $1,000,000 TIP: first determine Income before taxes and operating income 300,000 $700,000 Instructions NAME: To complete the homework assignments in the templates provided: 1. The question is provided for each problem. You may need to refer to your textbook for additional information in a few cases. 2. You will enter the required information into the shaded cells. 3. The cells are coded: a) T requires a text answer. Essay questions require references; use the textbook. b) C requires a calculation, using Excel formulas or functions. You cannot perform the operation on a calculator and then type the answer in the cell. You will enter the calculation in the cell, and only the final answer will show in the cell. I will be able to review your calculation and correct, if necessary. c) F requires a number only. In some problems, a \"Step 1\" is added to help you solve the problem. d) Formula requires a written formula, not the numbers. For example, the rate of return = [(1 + nominal)/ (1+inflation)]-1, or D (debt) + E (equity) = V (value). 4. Name your assignment file as "LastnameFirstinitial-BUSN602-Week#", and submit by midnight ET, Day 7. Discussion Question 17-1 What is meant by capital budgeting? Briefly describe some characteristics of capital budgeting. Answer: T Discussion Question 17-26 What is a way to keep managers accountable for their capital budgeting forecasts and estimates? Answer: T Problem 17-1 Find the NPV and PI of a project that costs $1,500 and returns $800 in Year 1 and $850 in Year 2. Assume the project's cost of capital is 8 percent. Answers: Enter the answers in blue shaded cells Step 1: PV of cash inflows PV of cash outflows C F Step 2: NPV PI C C Problem 17-2 Find the NPV and PI of an annuity that pays $500 per year for eight years and costs $2,500. Assume a discount rate of 6 percent. Answers: Enter the answers in blue shaded cells Step 1: PV of cash inflows PV of cash outflows C F Step 2: NPV PI C C Discussion Question 18-2 Explain why determining a firm's optimum debt/equity mix is important. Answer: T Discussion Question 18-4 How have the Fed's policies since the 2007-2009 recession affected corporate financing decisions? Answer: T Problem 18-8 The Nutrex Corporation wants to calculate its weighted average cost of capital. Its target capital structure weights are 40 percent long-term debt and 60 percent common equity. The before-tax cost of debt is estimated to be 10 percent and the company is in the 40 percent tax bracket. The current risk-free interest rate is 8 percent on Treasury bills. The expected return on the market is 13 percent and the firm's stock beta is 1.8. a. What is Nutrex's cost of debt? b. Estimate Nutrex's expected return on common equity using the security market line. after-tax weighted average cost of capital. c. Calculate the Answers: Enter the answers in blue shaded cells Formula Calculation a. Cost of debt T C b. Expected return on common equity T C c. After-tax WACC T C