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An all-equity firm is considering the following projects: The T-bill rate is 5.0 percent, and the expected return on the market is 12.0 percent. Compared
An all-equity firm is considering the following projects: The T-bill rate is 5.0 percent, and the expected return on the market is 12.0 percent. Compared with the firm's 12 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. Project W should be Project X should be Project Y should be and Project Z should be If the firm's overall cost of capital were used as a hurdle rate. Project W would be
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