Planet Foods has an overall cost of capital of 14%. The company is considering the following projects:

Project	Beta	IRR (actual project return)
A	1.35	16%
B	0.70	12%

The T-bill rate is 3%, and the expected return on the market is 13%. Which project(s) should the firm accept?

A. Accept both A and B

B. Reject both A and B

C. Accept A, Reject B

D. Accept B, Reject A