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1.Gios Restaurants is considering a project with the following expected cash flows. year Project cash flow 0 $(150 million) 1 $90 million 2 $70 million

1.Gios Restaurants is considering a project with the following expected cash flows.

year

Project cash flow

0

$(150 million)

1

$90 million

2

$70 million

3

$90 million

4

$100 million

If the projects appropriate discount rate is 12%, what is the projects discounted payback?

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