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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 $(180) 1 100 2
(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows:
Year | Project Cash Flow (millions) |
| |
0 | $(180) | ||
1 | 100 | ||
2 | 65 | ||
3 | 100 | ||
4 | 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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