SML and WACC Sugar Bear Industrial is considering the following projects: Project w XN Beta .80 90 110 1.35 IRR 93% 11.4 121 151 The risk-free rate is 4%, and the expected return on the market is 12% a. Which projects have a higher expected return than the firm's 12% cost of capital? expected retum. Project X has a Project W has a expected return and Project has a expected retum. Project has a expected retum Chec o Project W should be Proje Y should be Project X should be and Project should be Print c. Which projects will be incorrectly accepted/rejected or correctly accepted/rejected if the firm's overall cost of capital were used as a hurdle rate? Project W would be Project would be Project X would be and Project Z would be M Dron