Projects X and Y are mutually exclusive. The required return is 10%. Year Cash Flow (X) Cash Flow (Y) 0 -175,000 -20,000 1 85,000 10,000 2 35,000 10,000 3 125,000 10,000 If you apply the PI criterion, which investment will you choose? Why? A) Both projects X and Y, because Pl is greater than 1. B) Project X, because Pl is positive and higher. C) Project X, because Pl is greater than 1 and higher. D) Project Y, because Pl is greater than 1 and higher. E) Both projects X and Y, because Pl is greater than 0