Problem 11-25 Firmwide vs. Project-Specific WACCs (LG11-6) An all-equity firm is considering the projects shown below. The T-bill rate is 3 percent and the market risk premium is 7 percent. Project Expected Return Beta 0.5 7% 18 12 16 1.2 Calculate the project-specific benchmarks for each project. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Project Project Project Project 6.50 % 8.61 % 11.54 %