Jessup Industries makes hydrochloric acid for industrial and research use. The beta for this project is $1\mathrm{.}90.$ It is considering expanding operations to also make baking soda for home and industrial use. The beta of similar baking soda projects is $0\mathrm{.}78.$ If Jessup analysts use their traditional WACC to discount cash flows for the baking soda project, what will the likely result be$?$

Select answer from the options below

Jessup will be more likely to accept a negative NPV project.

Jessup will be more likely to reject a negative NPV project.

Jessup will be more likely to reject a positive NPV project.

Jessup will be more likely to accept a positive NPV project.