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 $27,000;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 paybackperiod.

expected cash flows

Years Hydrogen Helium

1	$6,000	$6,000
2	$6,000	$6,500
3	$9,000	$8,000
4	$4,000	$6,000
5	$2,500	$4,500
6	$1,000	$5,000

Which project meets Elysian's standards?

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

The payback period of project Helium is _________years.(Round to two decimal places.)

Which project meets Elysian's standard?(Select the best answer below.)

A. Both projects are acceptable because their payback periods are less than the 6 years criterion.

B. Only project Helium meets Elysian's standard.

C. Only project Hydrogen meets Elysian's standard