Kirklin Clinic is evaluating a project that costs $75,000 and has expected net cash inflows of $10,000 per year for eight years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 10%. What year does the project have payback?

A. Year 3.5

B. Year 7.5

C. Year 8.0

D. Cannot tell with this information.