A firm is considering investing in a $5-$year project that will cost $$1,200,000.$ Then the project will provide positive cash flows of $$200,000$ in years $1$ and $2,$ $$500,000$ in years $3$ and $4,$ and $$100,000$ in year $5.$ The firm has a WACC of $9\mathrm{.}3\%.$

What is the Payback Period of this Project?

Group of answer choices

$3$ Years

$4$ Years

$3\mathrm{.}4$ Years

$3\mathrm{.}5$ Years

$3\mathrm{.}6$ Years