Question 8 The relative risk of a proposed project is best accounted for by which of the following procedures? a. Adjusting the discount rate upward if the project is judged to have above-average risk. b. Adjusting the discount rate upward if the project is judged to have below-average risk. C. Picking a risk factor equal to the average discount rate. O d. Reducing the NPV by 10% for risky projects