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Question content area top Part 1 Elysian Fields, Inc., uses a maximum payback period of 6 years and currently must choose between two mutually exclusive
Question content area top Part 1 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 $; project Helium requires an initial outlay of $. Using the expected cash inflows given for each project in the following table, LOADING..., calculate each project's payback period. Which project meets Elysian's standards?1 4,000 9,000 2 7,500 5,000 3 6,000 6,000 4 2,500 3,500 5 5,000 3,000 6 3,500 6,000
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