Stanley Company is considering the possibility of investing $800,000 in a special project. This venture will return $200,000 per year for 12 years in after tax cash flows. Depreciation on the project will be $100,000 per year using straight-line depreciation. The payback period for the project is:

A) 6 years.
		B) 12 years.
		C) 4 years.
		D) 2 years.