The total risk in a firm is determined by evaluating the firm's business risk and financial risk. As an analyst, Olivia is comparing two nearly identical manufacturing firms: Hoover Water \& Power Corp. and Teton Power 8 Water Inc. It is your job to evaluate the relative business and financial risks of Hoover WBP and Teton P\&W. The two firms have the same level of total assets and expected net operating profit after taxes (NOPAT), but they differ on two critical characteristics: total debt and the standard deviation of expected NOPAT. The following table outlines some of Hoover Wsp's and Teton PBW's characteristics: Use the given financial data to indicate which firm has the higher degree of each type of risk: Which firm has more business risk? Hoover Water \&. Power Corp. Teton Power 4 Water Ine. Which firm has more financial risk? Teton Power \& Water inc. Hoover Watec \&. Power Corp