QUESTION 3 An all-equity firm is considering the following projects: Project Beta A 0.75 B 0.95. 1.15 D 1.32 E 1.45 IRR 8.4% 12.6% 13.5% 14.5% 15.9% The T-bill rate is 3 percent, and the expected return on the market is 12 percent. a. Which projects have a higher expected return than the firm's 13 percent cost of capital? (4 points) b. Which projects should be accepted? Why? (4 points)