An all-equity firm is considering the projects shown below. The T-bill rate is 4 percent and the market risk premium is 9 percent. PROJECT EXPECTED RETURN BETA A 11 % 0.7 B 23 1.4 C 17 1.6 D 22 1.8 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 16 percent to evaluate these projects, which project, will be incorrectly rejected? Project A Project B Project C Project D