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

$30,000; project Helium requires an initial outlay of $34,000. Using the expected cash inflows given for each project in the following table, calculate each project's payback period. Which project meets Elysian's standards?

		Expected cash inflows
Year		Hydrogen		Helium
1		$6,000		$7,000
2		$6,000		$8,000
3		$8,500		$7,000
4		$3,500		$5,000
5		$4,000		$5,000
6		$3,000		$4,500