An all-equity firm is considering the projects shown below. The T-bill rate is 5 percent and the market risk premium is 8 percent.

Project		Expected Return				Beta
A			12	%		0.8
B			23	%		1.5
C			18	%		1.7
D			22	%		1.9

Calculate the project-specific benchmarks for each project. (Round your answers to 2 decimal places.)

Project A	%
Project B	%
Project C	%
Project D	%

If the firm uses its current WACC of 17 percent to evaluate these projects, which project, will be incorrectly rejected?

	Project A
	Project B
	Project C
	Project D