RRI has a Beta of 1 ; the T-bill rate is 5 percent; and the expected return on the market is 11 percent. a) Which projects have a higher expected return than the firm's weighted average cost of capital? (3 marks) b) What return should each project earn based on its level of risk? Which projects should now be selected? ( 8 marks) c) Which projects would be incorrectly accepted or rejected if the firm's overall cost of capital were used as a hurdle (discount) rate? (2 marks)