Hi Tutor, please help me with the below and show me step by step calculation for the below questions:

2 (b) An all-equity firm is considering the following projects:

Project	Beta	Expected Return
W	0.80	10%
X	0.90	12%
Y	1.45	13%
Z	1.60	15%

The T-bill rate is 5%, and the expected return on the market is 11%.

1. Indicate the projects that have higher expected return than the firms 11% cost of capital. (2 marks)

Key concept: Hurdle rate and project selection

Just rank the projects correctly by comparing cost of capital vs expected return.

2. Calculate which project should be accepted.

(12 marks)

Key concept: CAPM

Introduce the formal CAPM equation expression/formula:

iii. Determine which projects would be incorrectly accepted or rejected if the firms overall cost of capital were used as a hurdle rate.

(3 marks)