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An all-equity firm is considering the following projects: The T-bill rate is 5 percent, and the expected return on the market is 12 percent. a.

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An all-equity firm is considering the following projects: The T-bill rate is 5 percent, and the expected return on the market is 12 percent. a. Which projects have a higher/lower expected return than the firm's 12 percent cost of capital

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