Step 1: Formula for Time Period of a Simple Pendulum
The time period \( T \) of a simple pendulum is given by the formula:
\[
T = 2\pi \sqrt{\frac{L}{g}}
\]
Where:
- \( L \) is the length of the string,
- \( g \) is the acceleration due to gravity at the surface of the Earth.
Step 2: Adjusting for the Height of the Pendulum
The pendulum is at a height equal to the Earth's radius, meaning the effective value of \( g \) will change. The acceleration due to gravity at a height \( h \) above the Earth's surface (where \( h = R_{\text{earth}} \)) is given by the formula:
\[
g' = \frac{g}{(1 + \frac{h}{R_{\text{earth}}})^2}
\]
Since \( h = R_{\text{earth}} \), the expression simplifies to:
\[
g' = \frac{g}{4}
\]
Thus, the effective value of gravity at this height is \( \frac{g}{4} \).
Step 3: Calculating the Time Period
Now, substitute the effective gravity \( g' = \frac{g}{4} \) into the formula for the time period:
\[
T = 2\pi \sqrt{\frac{L}{g'}} = 2\pi \sqrt{\frac{L}{\frac{g}{4}}} = 2\pi \sqrt{\frac{4L}{g}}
\]
Given that \( L = 4 \, \text{m} \) and \( g = 9 \, \text{m/s}^2 \), we get:
\[
T = 2\pi \sqrt{\frac{4 \times 4}{9}} = 2\pi \sqrt{\frac{16}{9}} = 2\pi \times \frac{4}{3}
\]
Thus, the time period is:
\[
T = \frac{8\pi}{3} \approx 8 \, \text{s}
\]
Step 4: Conclusion
The time period of oscillation is approximately 8 seconds.
Thus, the correct answer is:
\[
\boxed{(C)} \, 8 \, \text{s}
\]