Problem 12-13 SML and WACC An all-equity firm is considering the following projects: Project Beta IRR W .89 10.3 % X 76 10.8 Y 1.41 14.3 Z 152 173 eBook Files The T-bill rate is 5.3 percent and the expected return on the market is 12.3 percent a. Compared with the firm's 12.3 percent cost of capital. Project W has a (Cick to select) expected return, Project X has a [Click to select) expected return Project Y has a Click to select) 7 expected return, and Project Z has a Click to select expected return Ask Print b. Project w should be Click to select) . Project X should be (Click to select). Project Y should be (Click to select) . and Project Z should be (Click to seleci Click to selecth)Project X Would be Cick to select). Project Y would be Click to select). and Project Z would be [Cick to select c. If the firm's overall cost of capital were used as a hurdle rate. Project W would be