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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 $29,000; project Helium requires an initial outlay of $31,000. Using the expected cash inflows given for each project in the following table,(Click on the icon here in order to copy the contents of the data table below
into a spreadsheet.) calculate each project's payback period. Which project meets Elysian's standards?
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