Question: The initial outlay or cost for a four - year project is $1,000,000. The respective cash inflows for years 1, 2, 3 and 4 are:

The initial outlay or cost for a four-year project is $1,000,000. The respective cash inflows for years 1, 2, 3 and 4 are: $500,000, $300,000, $300,000 and $300,000. What is the discounted payback period if the discount rate is 10%?

A. about 2.67 years

B. about 4.50 years

C. about 3.67 years

D. about 3.35 years

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