5. Risk analysis in capital budgeting Aa Aa E Projects differ in risk, and risk analysis is a critical component of the capital budgeting process. Evaluating risk is an important part of the capital budgeting process. Which of the following represents the project's risk to the corporation as opposed to investors' risks? O Corporate, or within-firm, risk Stand-alone risk O Market, or beta, risk The problem with using when trying to adjust for projects that are more risky or less risky than a firm's average project is that these adjustments are extremely subjective and difficult to justify. rh nun