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8. An all-equity firm is considering the following projects: The T-bill rate is 5 percent, and the expected return on the market is 15 percent.

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8. An all-equity firm is considering the following projects: The T-bill rate is 5 percent, and the expected return on the market is 15 percent. Which projects should be accepted? (Note: Calculate the cost of capital for each project. Then determine the projects which have higher internal rate of returns (IRR) than their respective cost of capitals.)

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