An all equity firm is considering the following projects: Project w X Y Z Beta :54 91 1.09 183 IRR 10.1% 10.6 141 171 The T-bill rate is 51 percent, and the expected return on the market is 12.1 percent o. Which projects have a higher/lower expected return than the firm's 12.1 percent cost of capital? Project W has a Power expected return and Project Z has a expected return, Project X has a Thigher lower expected rotum, Project has a expected return higher Project W should be Project Y should be accepted accepted Project X should be and Project Z should be rejected rejected c. Which projects will be incorrectly accepted/rejected or correctly accepted/rejected if the firm's overall cost of capital were used as a hurdle rate? Project W would be Project Y would be correctly rejected incorrectly accepted Project X would be and Project Z would be incorrectly rejected correctly accepted