8) The initial outlay or cost is $1,000,000 for a four - year project. The respective future cash inflows for years 1, 2, 3 and 4 are: $500,000, $300,000, $300,000 and $300,000. What is the paybac k period wit hout discounting cash flows? A) About 2.50 years B) About 2.67 years C) About 4.50 years D) About 3.67 years E) None of the above