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An all-equity firm is considering the following projects: The T-bill rate is 5.4 percent, and the expected return on the market is 12.4 percent. begin{tabular}{|l|l|l|l|l|}
An all-equity firm is considering the following projects: The T-bill rate is 5.4 percent, and the expected return on the market is 12.4 percent. \begin{tabular}{|l|l|l|l|l|} \hline b. Project W should be & accepted & . Project X should be \\ \hline rejected & . Project Y should be & accepted & , and Project Z \\ \hline should be & rejected & & \\ \hline \end{tabular}
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