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Excel Data Validation marked with value in another column

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I have a list of items in column A and for some of the items, column B has value "Y". How do I only include the items of column A marked with "Y" in a data validation list?

I have tried this in the data validation formula but doesn't seem to work:

INDEX('Mysheet'!$A$8:$A$240,SUMPRODUCT(--('Mysheet'!$B$8:$B$240="Y")))

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