VLC Inc is considering the purchase of an automated accounting system. The program cost $$2,000,000$ and will bring $$600,000$ of savings in year $1,$$$600,000$ of savings in yea $$400,000$ of savings in year $3,$$$400,000$ of savings in year $4,$ and $$400,000$ of savings in year $5.$ As the CFO, you have set the required payback cut off to be $2\mathrm{.}9$ years. What payback period of this investment and do you pursue the project?

$3\mathrm{.}48,$ then do not purse the project

$3\mathrm{.}48,$ then pursue the project

$4\mathrm{.}60,$ then do not purse the project

$4\mathrm{.}00,$ then do not purse the project

$4\mathrm{.}00,$ then pursue the project