'A project requires a $1,000,000$ investment. Find the payback period if the project is able to generate the following cash flows. $($Round to two decimal places.$)$

Year $1$; $$250,000$

Year $2$: $$200,000$

Year $3$: $$150,000$

Year $4$: $$200,000$

Year $5$: $$420,514$