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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 comma 000; project Helium requires an initial outlay of $33 comma 000. Using the expected cash inflows given for each project in the following table, 16,0007,000
25,5007,000
38,5009,000
43,0005,500
52,0005,000
61,5004,000 calculate each project's payback period. Which project meets Elysian's standards?

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