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The discount rate is 1 0 % . Project 2 has the following cash flows. Cash outflow today is 4 5 0 , 0 0

The discount rate is 10%. Project 2 has the following cash flows. Cash outflow today is 450,000, followed by
inflows of 165,000 at the end of year 1,135,000 at the end of year 2,140,000 at the end of year 3, and 140,000
at the end of year 4. The payback (in years) of project 2 is closest to?
Select one:
a.5 years
b.2 years
C.4 years
d.3 years
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