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

$-$$$400$

$$200$

$$200$

$$200$

a$.2\mathrm{.}46$ years

b$.2\mathrm{.}00$ years

c$.1\mathrm{.}98$ years

d$.1\mathrm{.}94$ years

e$.2\mathrm{.}28$ years