A project has the following cash flows. What is the payback period?

Year Cash Flow

$0-$$$45,000$

$1$ $$20,000$

$2$ $$23,500$

$3$ $$24,000$

$4$ $$25,000$

Question $9$ options:

$2\mathrm{.}06$ years

$1\mathrm{.}83$ years

$2\mathrm{.}65$ years

$2\mathrm{.}33$ years

$1\mathrm{.}72$ years