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

$26,000; project Helium requires an initial outlay of $30,000. Using the expected cash inflows given for each project in the following table,

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

Calculate each project's payback period. Which project meets Elysian's standards? The payback period of project Hydrogen is nothing years. (Round to two decimal places.)