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Q6The following four-year project has an initial cost of $1,000,000. The future cash inflows for the next four years are $400,000, $300,000, $200,000, and $200,000,

Q6The following four-year project has an initial cost of $1,000,000. The future cash inflows for the next four years are $400,000, $300,000, $200,000, and $200,000, respectively. What is the payback period for this project? Question 6 options: 3.0 years. 2.5 years. 4.0 years. 3.5 years. 4.5 years.

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