Taussig Technologies is comparing two potential projects, X and Y$.$ The firm estimated each project$$s risk:

Project XProject YExpected NPV$$350,000$$$350,000$Standard deviation of NPV$$100,000$$$150,000$Beta $($vs$.$ market$)1\mathrm{.}40\mathrm{.}8$Correlation of project CFs with existing projectsNot correlatedHighly correlated

Which statement is CORRECT?

a$.$ Project X has the same market risk as Project Y since its cash flows are not correlated with existing projects$$ cash flows.

b$.$ Project X has more corporate $($within$-$firm$)$ risk than Project Y$.$

c$.$ Project X has more market risk than Project Y$.$

d$.$ Project X has the same level of corporate risk as Project Y$.$

e$.$ Project X has more stand$-$alone risk than Project Y$.$