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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project cash flow 0 -$210 million 1 $100 million
(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows:
Year | Project cash flow |
0 | -$210 million |
1 | $100 million |
2 | $75 million |
3 | $80 million |
4 | $95 million |
If the project's appropriate discount rate is 9 percent, what is the project's discounted payback period?
The discounted payback period is: ________ years. (Round to two decimal places.)
Group of answer choices
2.44
2.89
Infinite
3.81
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