Taggart Inc. is considering a project that has the following cash flow data. What is the project's payback?

Year

$0$

$1$

$2$

$3$

Cash flows

$-$$$775$

$$500$

$$500$

$$500$

$1\mathrm{.}44$ years

$1\mathrm{.}67$ years

$1\mathrm{.}55$ years

$1\mathrm{.}52$ years

$1\mathrm{.}57$ years