11-20. (Calculating the discounted payback period) Gio's Restaurants is considering a proj- ect with the following...

Transcribed Image Text:

11-20. (Calculating the discounted payback period) Gio's Restaurants is considering a proj- ect with the following expected cash flows: Year Project Cash Flow 0 $(150 million) 1 90 million 2 70 million 34 90 million 100 million If the project's appropriate discount is 12 percent, what is the project's discounted payback period? 11-20. (Calculating the discounted payback period) Gio's Restaurants is considering a proj- ect with the following expected cash flows: Year Project Cash Flow 0 $(150 million) 1 90 million 2 70 million 34 90 million 100 million If the project's appropriate discount is 12 percent, what is the project's discounted payback period?