please dont solve using excel

Question 39 Richard wants to buy a new car and can afford making annual payments of $5,200. His bank has offered to lend him money at 5% for 12 years. He also has $8,000 that he can use as a down payment in addition to the loan amount. How much can Rico afford to pay for his new car? A. $60,017 B. $56,788 C. $54,089 D. $51,133 E. $47,694 Question 40 Using the CAPM, calculate the expected Return for the Nittany Company: Alpha = 2.5%; Beta = 0.8 T-Bill Rate = 5%; S&P 500 average return rate = 8%; WACC = 7%. A 7.4% B. 8.1% C. 6.3% D. 8.5% E. 9.4%