An all-equity firm is considering the projects shown as follows. Project A B C D Expected Return 7.0% 17.0% 12.0% 10.0% Beta 0.25 1.3 1.6 2.1 The T-bill rate is 4 percent and the market risk premium is 9 percent. If the firm uses its current WACC of 14 percent to evaluate these projects, which project(s) will be incorrectly rejected? Multiple Choice Project A Project B Project C Project D