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:

$-$$$450$

$$200$

$$200$

$$200$

Which option is correct?

a$\mathrm{.}2\mathrm{.}18$ years

b$\mathrm{.}2\mathrm{.}61$ years

c$\mathrm{.}2\mathrm{.}21$ years

d$\mathrm{.}2\mathrm{.}54$ years

e$\mathrm{.}2\mathrm{.}25$ years