20. Stars Technologies is considering two potential projects, X and Y. In assessing the projects' risk, the company has estimated the beta of each project and has also conducted a simulation analysis. Project X Project Y Expected NPV $300,000 $300,000 Standard deviation (NPV). $180,000 $150,000 Estimated project beta 0.8 1.2 Which of the following statements is most correct? a. Project X has a higher level of total risk relative to Project Y. b. Project Y has a higher level of market risk relative to Project X. c. Both statements a and b are correct. d. Statement a only. e. Statements a/b/c