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 $$29,000$; project Helium requires an

initial outlay of $$33,000.$ 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?

Hydrogen

Year $1$: $5000$

Year $2$: $7000$

Year $3$: $8500$

Year $4$: $4000$

Year $5$: $3500$

Year $6$: $2500$