Staten Corporation is considering two mutually exclusive projects. Both require an initial outlay of $150,000 and will operate for five years. The cash flows associated with these projects are as follows: Year Project X 1 2 3 4 5 Total $47,000 47,000 47,000 47,000 47,000 $235,000 Project Y $0 0 0 0 280,000 $280,000 Staten's required rate of return is 10%. Using the Present Value of $1 at Compound Interest and Present Value of Ordinary Annuity, which of the following actions would you recommend to Staten? O a. Accept Project Y and reject Project X. O b. Accept Projects X and Y. O c. Accept Project X and reject Project Y. O d. Reject Projects X and Y