Assuming a firm$$s weighted average cost of capital is $12\%,$ what is the payback period of the following project?

Year Net Cash Flow

$0-$$$375,000$

$1$ $$100,000$

$2$ $$100,000$

$3$ $$100,000$

$4$ $$100,000$

$5$ $$100,000$

Group of answer choices

$2\mathrm{.}50$ years

$3\mathrm{.}75$ years

$3\mathrm{.}50$ years

$2\mathrm{.}75$ years