13 An all-equity firm is considering the following projects: Project Beta IRR W .70 9.9 % X 77 10.9 Y 1.43 14.4 Z 1.54 74 Ints Skipped eBook The T-bill rate is 5.4 percent, and the expected return on the market is 12.4 percent. Print Compared with the firm's 12.4 percent cost of capital, Project W has a expected return, Project X has a eferences expected return, Project Y has a OxPected retum, and Projet Z hasa expected return, and Project Z has a expected retum expected return