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( Discounted payback period )Gio's Restaurants is considering a project with the following expected free cashflows: YEAR PROJECT CASH FLOW 0 year $240 million 1

(Discounted payback period)Gio's Restaurants is considering a project with the following expected free cashflows: YEAR

PROJECT

CASH FLOW

0 year $240 million

1 year- 85 million

2 year- 60 million

3 year- 100 million

4year - 105 million

. If theproject's appropriate discount rate is 11 percent, what is theproject's discounted paybackperiod?

Theproject's discounted payback period is

years.

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