The initial outlay or cost is RM1,000,000 for a four-year project. The respective future cash inflows for years 1, 2, 3 and 4 are: RM500,000, RM300,000, RM300,000 and RM300,000. What is the payback period without discounting cash flows?

Question 32 options:

	a. About 2.67 years
	b. About 3.67 years
	c. About 4.50 years
	d. About 2.50 years