Show work for 18 ,19, 20

18. From the following data, calculate the cash flow from Project M for year-1: Revenues 9,000; Total Costs = [Fixed + variable costs) = $5,000 Depreciation for year 1 = $2,000; Tax rate = 34% a. $2,640 b. $1,320 c.$2,980 d.$3,320 e. none of the given answers 19. Given the following information, calculate the required rate of return on the Stock A. [Use CAPM Rf = 4% ; Rm = 12% & 13% Pa=1.5 d. a. 5% b. c.16% 18% e, none of the given answers 20. The beta of the market portfolio ( ) is: a. zero b. 0.5 c. 1.0 d. 2.0 e. none of the given answers