Mardaloop Inc. is developing a new process that it plans to sell. During 2019 and 2020, the company had capitalized $1.5 million and $0.3 million, respectively. An additional $0.4 million was spent in 2021. During 2021 it became apparent that, due to a lack of financial resources, the company would not be able to complete the project. The total amount of capitalized costs relating to this project at the end of 2021 is

a. nil. b. $2.2 million. c. $1.5 million. d. $1.8 million.