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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows. 318 1 Year Project Cash Flow (millions) 0 $(120) 80

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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows. 318 1 Year Project Cash Flow (millions) 0 $(120) 80 2 80 3 80 95 Rec (Click on the icon in order to copy its contents into a spreadsheet) If the projects appropriate discount rate is 8 percent, what is the project's discounted payback period? 4 The project's discounted payback period is years. (Round to two decimal places)

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