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 ​$34,000. Using the expected cash inflows given for each project in the following​ table,     Expected cash inflows Year   Hydrogen   Helium 1   ​$5,500   ​$7,500 2   ​$5,500   ​$6,500 3   ​$7,000   ​$7,500 4   ​$3,500   ​$4,500 5   ​$4,000   ​$5,500 6   ​$2,500   ​$5,000 calculate each​ project's paybackperiod. Which project meets​ Elysian's standards?

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter12: Capital Investment Decisions
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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 outlay of ​$27,000​; project Helium requires an initial outlay of ​$34,000. Using the expected cash inflows given for each project in the following​ table,

 
 
Expected cash inflows
Year
 
Hydrogen
 
Helium
1
 
​$5,500
 
​$7,500
2
 
​$5,500
 
​$6,500
3
 
​$7,000
 
​$7,500
4
 
​$3,500
 
​$4,500
5
 
​$4,000
 
​$5,500
6
 
​$2,500
 
​$5,000

calculate each​ project's paybackperiod.

Which project meets​ Elysian's standards?

PLEASE DONT ROUND

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