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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 $26.000, project Helium requires an initial outlay of $33,000. Using the expected cash intlows 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 5 years. (Round to two decimal places) The payback period of project Helium is I years. (Round to two decimal places) pro . Data Table in order to copy the contents of the data table below (Click on the icon here into a spreadsheet.) Year 1 2 3 4 Expected cash inflows Hydrogen Helium $5,500 $7,500 $5,000 $7,000 $9,000 $8,000 $4,500 $6,000 $2,000 $5,000 $1,500 $3,500 Print Done
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