Step 1: Calculate the total reactance.
The total reactance \( X \) of the circuit is the difference between the inductive reactance and the capacitive reactance:
\[
X = X_L - X_C = 273.2 - 100 = 173.2 \, \text{ohms}.
\]
Step 2: Calculate the total impedance.
The total impedance \( Z \) of the circuit is given by:
\[
Z = \sqrt{R^2 + X^2} = \sqrt{100^2 + 173.2^2} = \sqrt{10000 + 30001.44} = \sqrt{40001.44} \approx 200 \, \text{ohms}.
\]
Step 3: Calculate the power factor.
The power factor \( \text{PF} \) is the cosine of the phase angle \( \theta \), where:
\[
\cos \theta = \frac{R}{Z} = \frac{100}{200} = 0.5.
\]
Since the inductive reactance is greater than the capacitive reactance, the power factor is lagging.
Step 4: Conclusion.
Thus, the overall power factor is \( 0.5 \) lagging, which corresponds to option (D).