E10-1 Volkswagen AG (VW) uses a maximum payback period of 4 years and currently must choose between two mutually exclusive electric car projects. Project Crozz requires an initial outlay of 25,000,000; Project Buzz requires an initial outlay of 15,000,000. Using the expected cash inflows given for each project in the following table, calculate each project's payback period. Which project meets VW's standards? Expected cash inflows (CF) Year Crozz Buzz 1 2 3 6,000,000 5,000,000 5,000,000 4,000,000 3,000,000 3,000,000 4,000,000 4,000,000 4,000,000 4,000,000 3,000,000 3,000,000 4 5 6