Ngwenya (Pty) Ltd made a restraint of trade payment of R1 600 000 to a retiring director, Mr Msomi, on 1 September 2021. Mr Msomi was restrained from competing with the company for four years from the date of the payment. This payment will be included in Mr Msomi's gross income for his 2022 year of assessment. Calculate how much will be deductible by Ngwenya (Pty) Ltd for the year of assessment ending 28 February 2022.

a.R400 000

b.R200 000

c.R266 667

d.R533 333