b. Which projects should be accepted? Project W should be Project Y should be Project X should be and Project Z should be c. Which projects will be incorrectly accepted/rejected or correctly accepted/rejected if the firm's overall cost of capital were used as a hurdle rate? Project W would be Project would be Project X would be and Project Z would be An all-equity firm is considering the following projects: Project W Y Z Beta .57 88 1.12 1.58 IRR 9.1% 9.8 12.2 15.3 The T-bill rate is 4.3 percent, and the expected return on the market is 11.3 percent a. Which projects have a higher/lower expected return than the firm's 11.3 percent cost of capital? Project W has a flower expected return and Project Z has a expected return. Project X has a higher Mower expected retu expected retum