A project's expected cash flows are as follows; Year 0: -$4,500,000; Year 1: $1,800,000; Year 2: $3,825,000; Year 3: $1,575,000. Assuming the company has a 8% cost of capital. What is the project's conventional payback period?

1.86 Years

1.57 Years

2.01 Years

2.23 Years

1.71 Years