An all-equity firm is considering the following projects: Project Beta IRR W 9.1% NAXM .57 .88 1.12 1.58 9.8 12.2 15.3 The T-bill rate is 4.3 percent, and the expected return on the market is 11.3 percent. a. Which projects have a higher/lower expected return than the firm's 11.3 percent cost of capital? Project W has a expected return, and Project Z has a expected return, Project X has a expected return. expected return, Project Y has a