24 Which of the following procedures best accounts for the relative risk of a proposed project?

	a.	Picking a risk factor equal to the average discount rate.
	b.	Reducing the NPV by 10% for risky projects.
	c.	Adjusting the discount rate upward if the project is judged to have above-average risk.
	d.	Adjusting the discount rate downward if the project is judged to have above-average risk.
	e.	Ignoring risk because project risk cannot be measured accurately.