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73) The initial outlay or cost for a four-year project is $1,000,000. The respective cash inows for years 1, 2, 3 and 4 are: $500,000,

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73) The initial outlay or cost for a four-year project is $1,000,000. The respective cash inows 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 4-50 years C) about 3.67 years D) about 2.67 years

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