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( Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows. If the project's appropriate discount rate is 11 percent,
( Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows. If the project's appropriate discount rate is 11 percent, what is the projects's discounted payback period?
expected cash flows:
Year | Project Cash Flow |
0 | -$180 million |
1 | 90 million |
2 | 65 million |
3 | 100 million |
4 | 100 million |
The Project's discounted payback period is ____ ?
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