CAT 2009 : Quant Problem of the day

From the money that Ajay has, he gives as much to Bunti as much as Bunti has with him. Bunti then gives as much as money to Chintu as much as Chintu has with him. Finally Chintu gives as much money to Ajay as much as Ajay had before Chintu gave hime the money. How much money did each of the three friends Ajay, Bunti and Chintu have with them initially if between them they have totally Rs.48 and after the transactions each of them have equal amounts?

1.   24, 14, 10
2.   20, 16, 12
3.   22, 14, 12
4.   26, 12, 10

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