Prior to beginning work on this assignment, read in your textbook Jones, C. P., & Jensen, G. R. (2020). Investments: Analysis and management (14th ed.) Chapter 21, Managing Your Financial Assets, and Chapter 22, Evaluation of Investment Performance. To complete the assignment below you must firstPart 1: Final ReportFor this final report, you are to select ONE CLIENT from the list of four client profiles document attached and prepare a report.In your Client Portfolio Report,* Construct an investor policy statement (IPS) for your client.o State objectives.o State constraints and preferences.* Justify the IPS based on the life cycle approach.* Assess current expectations for the U.S. economy and its major sectors.o Defend your assessment with two scholarly sources.* Recommend two U.S. industries for current investment opportunities and identify one industry to sell short.* Compare key characteristics of these three industries.* Develop an investing strategy for the client investment portfolio.o Define the universe of securities to be considered for inclusion in the client portfolio.o Recommend one asset category to exclude from the client portfolio. Justify this recommendation.o Determine the asset allocation for the client portfolio according to the major asset categories in Table 21-1 (p. 569) of the textbook (located at the bottom of this word file).o Recommend a portfolio strategy of either buy-and-hold, constant mix, or constant proportion. Justify this recommendation.* Construct a portfolio to implement this portfolio and strategy. You may use individual equities, individual bonds, ETFs, and/or mutual funds.o You must invest at least 95% of the portfolio.* Once you have determined the security selections, execute this portfolio in Stock-Trak.* Include a table showing the chosen investments.o Categorize the investments on the table by asset class and style (e.g., equity, aggressive growth or fixed income, capital preservation, etc.).* Recommend an appropriate benchmark(s) for this portfolio.* Compare the identified benchmark(s) to the portfolio in terms of risk and expected returns.* Determine if the portfolio will be evaluated with respect to time- or money-weighted returns.* Determine how the portfolio will be evaluated in terms of risk and explain the measures of risk that will be used.ALSO PLEASE REVIEW ALL THE REQUIREMENTS BELOW WHICH ARE ALL MANDATORY!!Must be no less than five single-spaced pages in length (not including references pages).Must include an introduction and conclusion paragraph.Must be written for a professional setting.Must have all in-text citation formatted according to APA standards.Must use at least five credible sources including the textbook Jones, C. P., & Jensen, G. R. (2020). Investments: Analysis and management (14th ed.).Must include a separate references page that is formatted according to APA style.Have a title addressing each bulletin point aboveMust have an originality score of 20% or less.

First oneStar Appliance Company (A) 1.By what methods could Mr. Foster determine the cost of capital for Star?2.On what assumptions does each of these methods depend?3.Which methods are appropriate for Mr. foster to use at Star?4.Star management has been using a hurdle rate of 10 percent. Is this the appropriate rate to continue to use in evaluating investments at Star? Why?5.Is Star's current cost of capital the appropriate hurdle rate for evaluating new investments? Why?6.What should Star Management do with regard to the three proposed investments?Star Appliance Company (B) 1.Estimate the cost of equity for Star using the dividend discount model, the earnings/price model, and the CAPM. Do the models estimate the same things in different ways, or do they estimate different things?2.What is Star's cost of capital under its current and proposed capital structures?3.Can the method by which stock analysts currently evaluate Star's stock be used for evaluating internal investment opportunities? If so, do any adaptations have to be made? If not, why are investments in the stock market different from internal investment opportunities?4.Which projects should Star accept?5.What difference did you find between Star’s cost of capital in 1976 and in 1984? To what do you attribute the difference?Second one The Jacobs Division 1.If you were Mr. Soderberg, would you recommend that Mr. Reynolds accept the Silicone-X project? If not, why not? 2.How should the effect of competition be taken into account in the decision between the labor- and capital-intensive plants? 3.How should management evaluate the pricing decision and its effect on the Silicone-X capacity investment?4.From MacFadden management's (the shareholders') point of view, how do you like Mr. Reynolds's method of analyzing investments at the Jacobs Division?