Sun King Computers is considering the following project. The projected net cash flows are: Initial Cost is $$3\mathrm{.}5$ million; annual net cash flows are $$815,000$ per year for $7$ years What is the Payback Period? $($recurring content question$)$

$5\mathrm{.}38$

$5\mathrm{.}15$

None of the choices are correct.

$4\mathrm{.}29$

$7\mathrm{.}0$