An all-equity firm is considering the following investment projects. Which of these projects would be correctly or incorrectly accepted or rejected if the firm's overall cost of capital of 14% were used as a hurdle rate? Assume that the risk free rate is 5% and the expected return on the market is 15%. Project Beta Exp Return Ajax 0.45 9.2% Borax 1.05 14.1% Clorox 1.28 16.4% A. Should reject Ajax, Borax, and Clorox; will incorrectly accept Ajax, Borax, and Clorox B. Should reject Borax and Clorox; will incorrectly accept Borax and Clorox; will incorrectly reject Ajax O C. Should reject Borax and Clorox; will incorrectly accept Borax; will incorrectly reject Ajax D. Should reject Ajax, Borax, and Clorox; will incorrectly accept Borax and Clorox E. Should reject Borax and Clorox; will incorrectly accept Borax; will incorrectly reject Ajax; will incorrectly accept Clorox F. Should accept Ajax and Clorox; will incorrectly reject Ajax and Clorox; will incorrectly accept Borax G. None of the above is correct