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the payback period of project hydrogen is? the payback period of project hellium is? ...

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Finance

the payback period of project hydrogen is?
the payback period of project hellium is?
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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 $36,000. 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? The payback period of project Hydrogen is years Data table Year 1 2 3 4 5 6 Expected cash inflows Hydrogen Helium $5,000 $7,500 $6,500 $6,000 $9,000 $9,000 $4,500 $6,000 $4,000 $4,500 $2,500 $5,000 Help me solve this View an example DAN

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