The cost to repair the leaks are: $263 for materials, $200 for labor. Find the cost savings accrued from fixing the leaks, and how much time it takes to recover the costs or the so-called payback time.
a) $463, 2.315 months
b) $463, 0.854 months
c) $463, 1.354 months
d) $463, 3.215 months