n all-equity firm is considering the following projects: Project W Beta IRR .80 9.3% .90 11.4 Y 1.10 12.1 Z 1.35 15.1 he T-bill rate is 4 percent, and the expected return on the market is 12 percent. . Which projects have a higher expected return than the firm's 12 percent cost of capital? expected return, Project X has a Project W has a expected return, Project Y has a expected return expected return, and Project Z has a b. Which projects should be accepted? Project W should be Project X should be Project Y 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 X would be and Project Z would be Project Y would be