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

a. 2.63 years

b. 2.37 years

c. 1.14 years

d. 1.82 years

e. 2.82 years

Year Cash flows \begin{tabular}{cccc} 0 & 1 & 2 & 3 \\ \hline$500 & $190 & $190 & $190 \end{tabular}