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While taking a break, Annie confides to you that she sometimes gets confused about the differences between mutually exclusive, independent, and contingent projects. Help Annie understand these differences by reviewing the choices below and selecting the response that best explains the differences between a contingent and a mutually exclusive project. A contingent project is one whose acceptance precludes the acceptance of one or more other projects, whereas a mutually exclusive project is one whose acceptance is dependent on the adoption of one or more other projects. A contingent project is one whose acceptance (or rejection) has no effect on the acceptance or rejection of the other projects, whereas a mutually exclusive project is one made necessary by increased consumer demand. A mutually exdusive project is one made necessary by a need to reduce costs, whereas a contingent project is one made necessary by the need to meet legal, healhh, and safety standards. A contingent project is one whose acceptance is dependent on the adoption of one or more other projects, whereas a mutually exclusive project is one whose acceptance precludes the acceptance of one or more other projects