You recently purchased a stock that is expected to earn 10 p…

You recently purchased a stock that is expected to earn 10 percent in a booming economy, 4 percent in a normal economy, and lose 4 percent in a recessionary economy. There is 15 percent probability of a boom, 70 percent chance of a normal economy, and 15 percent chance of a recession. What is your expected rate of return on this stock?

Pear Orchards is evaluating a new project that will require…

Pear Orchards is evaluating a new project that will require equipment of $223,000. The equipment will be depreciated on a 5-year MACRS schedule. The annual depreciation percentages are 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, and 11.52 percent, respectively. The company plans to shut down the project after 4 years. At that time, the equipment could be sold for $50,200. However, the company plans to keep the equipment for a different project in another state. The tax rate is 21 percent. What aftertax salvage value should the company use when evaluating the current project?

Show all work for full credit. In order to receive credit fo…

Show all work for full credit. In order to receive credit for this question, upload your handwritten worked-out solution to File Upload Midterm II Exam Assignment in Canvas after you’ve finished testing but before you’ve submitted your exam in Canvas. Make sure you stay logged in to Honorlock during the file upload process. DON’T TYPE YOUR ANSWER HERE! Solve the equation on the interval 0 ≤ θ < 2Ď€.2 cos2 θ - 3 cos θ + 1 = 0