An all-equity firm is considering the following projects: Project Beta .89 76 141 IRR 10.3% 108 143 173 1.52 The T-bill rate is 5.3 percent, and the expected return on the market is 12.3 percent. a. Which projects have a higher/lower expected return than the firm's 12.3 percent cost of capital? expected return, Project X has a expected return, Project Y has a Project W has a expected return, and Project Z has a expected return b. Which projects should be accepted? Project W should be Project Y should be Project X should be and Project Z should be 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 Project X would be and Project Z would be