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Elysian Fields Inc. uses a maximum payback period of 6 years and currently must choose between two mutually exclusive projects. Project Hydrogen requires an initial

Elysian Fields Inc. uses a maximum payback period of 6 years and currently must choose between two mutually exclusive projects. Project Hydrogen requires an initial outlay of $25,000; project Helium requires an initial outlay of $35,000. Using the expected cash inflows given for each project in the following table, calculate each projects payback period. Which project meets Elysians standards? Expected cash inflows (CFt) Year Hydrogen Helium 1 $6,000 $7,00026,0007,00038,0008,00044,0005,00053,5005,00062,0004,000

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