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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year 0 Project Cash Flow (millions) $(120) 1 85 75

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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year 0 Project Cash Flow (millions) $(120) 1 85 75 2 3 4 85 105 If the project's appropriate discount rate is 11 percent, what is the project's discounted payback period? The project's discounted payback period is years. (Round to two decimal places.) (Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year 0 1 2 3 4 Project Cash Flow (millions) $(210) 85 65 85 110 If the project's appropriate discount rate is 13 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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