Distinguish between beta (or market) risk, within-firm (or corporate) risk, and stand-alone risk for a project being

Question:

Distinguish between beta (or market) risk, within-firm (or corporate) risk, and stand-alone risk for a project being considered for inclusion in the capital budget. Which type of risk do you believe should be given the greatest weight in capital budgeting decisions? Explain.

Capital Budgeting
Capital budgeting is a practice or method of analyzing investment decisions in capital expenditure, which is incurred at a point of time but benefits are yielded in future usually after one year or more, and incurred to obtain or improve the...