All of the Following Are Correct Statements About a Project's

All of the following are correct statements about a project's total risk EXCEPT:

A) Undiversified investors are concerned about the company's future outlook.
B) It becomes the relevant risk when the project's returns are correlated to the returns from the firm as a whole.
C) Total project risk can be measured by calculating standard deviation
D) Total project risk is irrelevant when forecasting a company's chance of bankruptcy.