An all-equity firm is considering the following projects: The T-bill rate is 5.3 percent, and the expected return on the market is 12.3 percent. a. Compared with the firm's 12.3 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