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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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