QUESTION 3 "An all-equity frm that has a fimm-wide WACC of 17.2% is considering the projects shown below; (Project A: 8.5% Expected Return, 1.10 Beta(Project B: 14.3% Expected Return, 1.65 Beta): (Project C: 9.0% Expected Return, 1.87 Botal: (Project D: 16.4% Expected Return, 2.20 Beta): If the T-bill rate is 3.7%, and the market risk premium is 12.5%, what should the project-specific WACC be for PROJECT B? 17.5% 27.1% 31.2% 18.2% 17.2% 24.3% 26.04