Trump Technologies is considering two potential projects, X and Y. The company carried out some research and estimated the beta of each project versus both the company's other assets/projects and the stock market, and it also conducted thorough scenario and simulation analyses. This research produced the following data: Project X Project Y Expected NPV $350,000 $350,000 Standard deviation (NPV) $100,000 $150,000 Project beta (vs. market) 1.4 0.8 Correlation of the project cash flows Cash flows are not correlated Cash flows are highly correlated with cash flows from currently with the cash flows from with the cash flows from existing projects. existing projects. existing projects. Which of the following statements is CORRECT? O a. Project X has more stand-alone risk than Project Y. O b. Project X has more corporate (or within-firm) risk than Project Y. O c. Project X has the same level of corporate risk as Project Y. O d. Project has the same market risk as Project since its cash flows are not correlated with the cash flows of existing projects. O e. Project X has more market risk than Project Y