1. 1.7 6 points Problem 14-17 SML and WACC [LO1] An all-equity firm is considering the following projects: Project Beta IRR W .51 10.4 % eBook X 94 10.9 Y 1.06 14.4 Print Z 1.54 17.4 References The T-bill rate is 5.4 percent, and the expected return on the market is 12.4 percent. Compared with the firm's 12.4 percent cost of capital, Project W has a expected return, Project X has a expected return, and Project Z has a expected return, Project Y has a expected return