In the Capital Budgeting process, often firms are considering more than one project, sometimes several at the same time. Assume only two $(2)$ projects. The process must analyze and determine if the projects are "Independent" or "Mutually Exclusive" ones. Independent means $q,$ ; Mutually Exclusive means $q,.q,$

a$.$ Respective project Cash flows do not negatively impact each other; Cash flows of one detract from cash flows of the other. $q,$

b$.$ Project cash flows of projects do negatively impact each other; Cash flows from projects do not detract from cash flows.

$$ c$..$ Project cash flows negatively impact each other; Cash flows from projects do not have negative impacts.

d$.$ Respective project Cash flows do not negatively impact each other; Cash flows of one detract from cash flows of the other, but not necessarily completely.