A project has an initial cost of $$18,000.$ The estimated net cash flows of the project are as follows:

Net Cash Flows

Year $1$ $$4,000$

Year $2$ $$4,000$

Year $3$ $$6,000$

Year $4$ $$8,000$

Year $5$ $$8,000$

What is the project's payback period?

Project's payback period:

$3\mathrm{.}0$ Years

$3\mathrm{.}5$ Years

$3\mathrm{.}75$ Years

$4\mathrm{.}0$ Years