Project X has cash flows of $$8,500,$ $$8,000,$ $$7,500,$ and $$7,000$ for Years $1$ to $4,$ respectively. Project Y has cash flows of $$7,000,$ $$7,500,$ $$8,000,$ and $$8,500$ for Years $1$ to $4,$ respectively. Which one of the following statements is true concerning these two projects given a positive discount rate? $($No calculations needed.$)$

Multiple Choice

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Both projects have the same future value at the end of Year $4.$

Both projects have the same value at Time O$.$

Both projects are ordinary annuities.

Project Y has a higher present value than Project X$.$

Project X has both a higher present and a higher future value than Project Y$.$