Run the individual component cables into your receiver, and run just one to your projector. You probably won't notice a difference, and it's certainly more convenient.
'Component Switching' is often 'misunderstood.' I can't say for sure with Denon, but most if not all receivers simply pass through the component signal. If you would, imagine using a barrel connector between two RCA terminated cables. The quality of that 'connection' is the only variable determining the integrity of the signal that passes through it. With my B&K receiver, for example, the middle, or signal lead on all three incoming component connectors (x 2) simply touch a thick copper bus bar (kind of like that barrel connector). It passes (switches) the incoming signals through to the output connectors. That thick copper bar (1ga+??) has got to be at least as good as that 22ga component cable that's feeding it, right? If it will pass a friggin' lightning strike through to ground, it would most certainly have the 'bandwidth' to pass virtually any low level analog signal through for goodness sake!

Don't get sucked into the cable manufacturers' voodoo marketing hype!
If your receiver will pass-through the component signal, even when it is switched off, then you have a setup similar to mine. No voodoo there.
BTW, the BlueJeans component cable is as big as a garden hose. That doesn't have high WAF in my theater room. But, NightHawk is right-on there. If garden hose works for you, then bluejeans is VERY sensibly priced. They don't claim that their cables are made from platinum-coated, cryo-temperd, rarified oxygen-enriched gold, spun from the bullion from Black Beard's booty by none other than Tinker Bell herself (which would most definitely improve the picture


), but they work!!