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

$$31,000$; project Helium requires an initial outlay of $$35,000.$ 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?

The payback period of project Hydrogen is years. $($Round to two decimal places.$)$

Data table

$($Click on the icon here $$ in order to copy the contents of the data table below

into a spreadsheet.$)$