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Default IF Function for column containing text - Excel 2007

I have a Column of pricing from a csv. file that has TBA in some rows (price
to be announced). I would like to change TBA to a 0.

I have started with =IF(E1="TBA", ???

I also have a coded price column for cost price and would like to get rid of
the letter code and also change remaining price to a 2 decimal cost.

I've been reading and trying all kinds of things. I really need an IF
function for the first column and am not sure what I need for the second.


Any help really appreciated
 
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