Question: Finance... guys please help me out for this with calculation, thanks!!! Elysian Fields, Inc., uses a maximum payback period of 6 years and currently must

Finance... guys please help me out for this with calculation, thanks!!!

Finance... guys please help me out for this with calculation, thanks!!! Elysian

Elysian Fields, Inc., uses a maximum payback period of 6 years and currently must choose between two mutually exclusive projects. Project Hydrogen requires an ini- tial outlay of $25,000; 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? E10-1 Expected cash inflows Year- .,.. Hydrogen Helium $6,000 6,000 $7,000 2 7,000s 8,000 8,000 5,000 . 3,500 . ..: 5,000 4,000 4 4,000, . 2,000

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