An all-equity firm is considering the following projects: Project Beta IRR W .54 10.1 % X .91 10.6 Y 1.09 14.1 Z 1.83 17.1 The T-bill rate is 5.1 percent, and the expected return on the market is 12.1 percent. a. Compared with the firm's 12.1 percent cost of capital, Project W has a expected return, Project X has a expected return, Project Y has a expected return, and Project Z has a expected return. b. Project W should be , Project X should be , Project Y should be , and Project Z should be . c. If the firm's overall cost of capital were used as a hurdle rate, Project W would be , Project X would be , Project Y would be , and Project Z would be . Correct?