An all-equity firm is considering the following projects:

Project	Beta			IRR
W		.65			9.5	%
X		.74			10.7
Y		1.33			14.2
Z		1.44			17.3

The T-bill rate is 5.3 percent, and the expected return on the market is 12.3 percent.

If the firm's overall cost of capital were used as a hurdle rate, Project W would be____(incorrectly rejected, incorrectly accepted, correctly rejected, correctly accepted) , Project X would be ____ ((incorrectly rejected, incorrectly accepted, correctly rejected, correctly accepted) , Project Y would be_____ (incorrectly rejected, incorrectly accepted, correctly rejected, correctly accepted) , and Project Z would be ____ (incorrectly rejected, incorrectly accepted, correctly rejected, correctly accepted)