ABC Company is considering a project that has the following cash flow data.

Year $0123$

Cash flows $-$$$1,150$ $$500$ $$500$ $$614$

What is the project's payback period? $($in year$)$

Group of answer choices

A$.2\mathrm{.}28$

B$.2\mathrm{.}26$

C$.2\mathrm{.}20$

D$.2\mathrm{.}22$

E$.2\mathrm{.}24$