Consider two projects X and Y with the following series of cash flows, over the period from year 0 to year 5:

X: -500, 100, 120, 150, 225, 300

Y: -500, 250, 400, 600, 800, -500

Which of the following statements is correct?

Group of answer choices

projects X and Y are independent

project X has non-normal cash flows

projects X and Y are mutually exclusive

project Y has non-normal cash flows

project Y has normal cash flows