Question 2: I (2.5 pts) Wexler & Associates is considering the following projects: Project Beta 0.69 Project's Expected Return 9.0% W 0.88 11.0% 1.32 12.8% Y 1.74 14.9% N Qu G ha Assume that the T-bill rate is 4%, and the expected retum on the market is 11%. a. Which projects have a higher expected retum than Wexler & Associates' 11% cost of capital? And which projects have a higher expected return than Wexler & Associates' 11% cost of capital? b. So, based on the 11% cost of capital alone, which projects would you have accepted as the financial manager for Wexler & Associates? c. Which projects should be accepted? You need to show your full calculations that enabled you to decide. d. Now compare your answers in (a) and (b) and make a conclusion. Which projects would be incorrectly accepted or rejected if the overall cost of capital were used to decide on accepting or rejecting the projects? e