There is a project with the following cash flows :

Year Cash Flow

$0$$ $24,100$

$17,000$

$28,100$

$37,100$

$47,700$

$56,600$

What is the payback period?

$3\mathrm{.}81$ years

$3\mathrm{.}25$ years

$4\mathrm{.}00$ years

$3\mathrm{.}50$ years

$2\mathrm{.}73$ years