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An all-equity firm is considering the following projects: The T-bill rate is 4 percent, and the expected return on the market is 12 percent. c.

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An all-equity firm is considering the following projects: The T-bill rate is 4 percent, and the expected return on the market is 12 percent. c. If the firm's overall cost of capital were used as a hurdle rate, Project W would be \begin{tabular}{|l|l|l|} \hline & , Project X would be \\ \hline & , and Project Z would be & . Project Y would be \\ \hline \end{tabular}

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