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An all-equity frm that has a firm-wide WACC of 19.0% is considering the projects shown below: (Project A: 16.4% Expected Return, 1.70 Beta); (Project B:

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"An all-equity frm that has a firm-wide WACC of 19.0% is considering the projects shown below: (Project A: 16.4% Expected Return, 1.70 Beta); (Project B: 8.5% Expected Return, 1.10 Beta); (Project C: 14.3% Expected Return, 1.65 Beta): (Project D: 9.0% Expected Return, 1.65 Beta); If the T-bill rate is 4.0%, and the market risk premium is 14.0%, what should the project-specific WACC be for PROJECT B?" 19.0% 19.4% 20.5% 27.8% 27.1% 23.9% 15.0%

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