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The initial outlay or cost for a four - year project isGHS 1 , 0 0 0 , 0 0 0 . The respective cash

The initial outlay or cost for a four-year project isGHS1,000,000. The respective cash inflows for years 1,2,3 and 4 are:GHS500,000,GHS300,000,GHS300,000 andGHS300,000. What is the discounted payback period if the discount rate is 10%? A. about 2.67 years B. about 3.35 years C. about 3.67 years D. about 4.50 years

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