Attack Simulation Training, how many emails will be received by each user?

Here is a sample Automation setup. I want to know how many emails each person would receive in this scenario:

1. 600 Users
2. 14 Payloads
3. Maximum number of simulations that can be started between the start and end dates = 4
4. Duration 30 days

How many emails will each user receive? Is that solely determined by "Maximum number of simulations that can be started?"

Thanks