all$-$equity firm is considering the following projects:Project Beta IRRW$659\mathrm{.}5\%$X$\mathrm{.}1410\mathrm{.}7$Y$1\mathrm{.}3314\mathrm{.}21\mathrm{.}4417\mathrm{.}3$The T$-$bill rate is $5\mathrm{.}3$ percent, and the expected return on the market is $12\mathrm{.}3$ percent.Answer is complete and correct.a$.$ Compared with the firm's $12\mathrm{.}3$ percent cost of capital, Project W has a expected return, Project X has alowerhigherexpected return, and Project Z has alowerexpected return, Project Y has a higherexpected return.b$.$ Project W should berejectedacceptedProject Y should beshould beacceptedAnswer is complete and correct.Project X should be rejectedand Project ZAnswer is complete but not entirely correct.c$.$ If the firm's overall cost of capital were used as a hurdle rate, Project W would be incorrectly rejectedProject X would becorrectly rejectedcorrectly acceptedand Project Z would beincorrectly rejectedProject Y would be