Firmwide vs. Project-Specific WACCS An all-equity firm is considering the projects shown below. The T-bill rate is 4 percent and the market risk premium is 7 percent. If the firm uses its current WACC of 12 percent to evaluate these projects, which project(s), if any, will be incorrectly accepted? (LG6) 

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8.0% PROJECT EXPECTED RETURN ABCD 19.0 13.0 17.0 BETA 0.5 1.2 1.4 1.6