Resnick 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

$-$$$300$

$$200$

$$200$

$$200$

$1\mathrm{.}16$ years

$1\mathrm{.}14$ years

$1\mathrm{.}52$ years

$1\mathrm{.}50$ years

$1\mathrm{.}29$ years