The T-bill rate is 4 percent, and the expected return on the market is 11 percent. Which projects have a higher expected return than the firm's 11 percent cost of capital? Which projects should be accepted? a. b. overall cost of capital were used as a hurdle rate? 04 17 SML and WACC. An all-equity firm is considering the following projects: Beta 80 .90 1.10 1.35 Project IRR 9.3% 10.6 11.4 14.1