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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 $30,000; project Helium requires an initial outlay of S30,000. 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? - X Data table The payback period of project Hydrogen is years. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Year 1 2 3 4 5 6 ( Expected cash inflows Hydrogen Helium $7,000 $7,500 $6,000 $6,000 $8,500 $7,500 $4,000 $4,500 $3,000 $6,000 $3,000 $3,000 Print Done 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 $30,000; project Helium requires an initial outlay of S30,000. 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? - X Data table The payback period of project Hydrogen is years. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Year 1 2 3 4 5 6 ( Expected cash inflows Hydrogen Helium $7,000 $7,500 $6,000 $6,000 $8,500 $7,500 $4,000 $4,500 $3,000 $6,000 $3,000 $3,000 Print Done