11. (NUMERICAL) An all-equity firm is considering the following projects: IRR Project Beta 0.8 1.0 5.5% Y 5.8% The risk-free rate is 3%, and the market risk premium is 3%. Firm's cost of capital is 5.7%. Using the CAPM, which projects would be wrongly accepted or rejected if the manager used firm's cost of capital as a discount rate? (Drawing the appropriate chart might be helpful). A. Both X and Y B. Only X C. Only Y D. Neither X nor Y