An all-equity firm is considering the following projects: Project W Y Z Beta .56 .89 1.11 1.63 IRR 9.2% 9.9 12.3 15.4 The T-bill rate is 4.4 percent, and the expected return on the market is 11.4 percent. a. Which projects have a higher/lower expected return than the firm's 11.4 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 An all-equity firm is considering the following projects: Project W Y Z Beta .56 .89 1.11 1.63 IRR 9.2% 9.9 12.3 15.4 The T-bill rate is 4.4 percent, and the expected return on the market is 11.4 percent. a. Which projects have a higher/lower expected return than the firm's 11.4 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