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1 (Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(120) 85 2

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1 (Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(120) 85 2 75 3 85 95 (Click on the icon in order to copy its contents into a spreadsheet.) If the project's appropriate discount rate is 9 percent, what is the project's discounted payback period? ----- The project's discounted payback period is years. (Round to two decimal places.)

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