Use the following data for the next two questions. Suppose an all-equity firm (meaning it has issued no debt or preferred stock) with beta-1 has the following divisions. Suppose each division is considering a project with the listed internal rate of return: Division Beta Project Internal Rate of Return 11% 13% 0.60 0.90 1.20 1.70 T S 14% 15% Return, r SML b; 1.0 U Question 23 1 pts If the Treasury bond rate is 5 percent, and the market risk premium is 7 percent, the firm's WACC is 12%. Now consider the project in Division S. What rate of return should it generate given Division S's level of risk? 10.2% 12.3% 24.7% 16.9% 7.4% Question 24 1 pts Would the project in Division S be correctly accepted or rejected if the firm's WACC were used as the required rate of return for each division? Yes, correctly accepted No, incorrectly accepted, Yes, correctly rejected. No, incorrectly rejected Question 17 1 pts What is the decision rule for IRR? Accept a project when IRR 2 required return Accept a project when IRR s required return None of these is the correct rule Accept a project when IRRO