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5.0L (1979-1995) MustangTechnical discussions on 5.0 Liter Mustangs within. This does not include the 5.0 from the 2011 Mustang GT. That information is in the 2005-1011 section.
I did mine myself, I put a King Cobra clutch in. It cost me about $200 or so to replace the disc, pressure plate and throw out bearing. It's really not too tough to do. If you're going to send it to a shop, you'll probably pay $300-$400 in labor, so you're lookin at $500-$600ish.