An all-equity firm is considering the projects shown as follows. The T-bill rate is 4 percent and the market risk premium is 7 percent. If the firm uses its current WACC of 12 percent to evaluate these projects, which project(s), if any, will be incorrectly accepted or rejected? Project Beta A B C D Expected Return 9.0% 20.0% 13.0% 17.0% 0.6 1.2 1.4 1.5 Multiple Choice Both Projects and C would be incorrectly rejected. Project A would be incorrectly rejected. O O None of the projects will be incorrectly accepted or rejected. Project A will be incorrectly rejected and Project B would be incorrectly accepted