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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 5(240) 1 95 2

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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 5(240) 1 95 2 80 3 95 4 102 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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