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 X would be Project Y would be and Project Z would be An all-equity firm is considering the following projects: Project Beta IRR W .57 9.1% X .88 9.8 Y 1.12 12.2 Z 1.58 15.3 The T-bill rate is 4.3 percent, and the expected return on the market is 11.3 percent. a. Which projects have a higher/lower expected return than the firm's 11.3 percent cost of capital? Project W has a expected return, Project X has a expected return, and Project Z has a expected return. b. Which projects should be accepted? Project W should be Project Y should be Project X should be and Project Z should be expected return, Project Y has a