Discounted

payback

period)

Gio's Restaurants is considering a project with the following expected cash flows:

Year	Project Cash Flow (millions)
0	$(180)
1	85
2	60
3	85
4	102

If the project's appropriate discount rate is

8 percent, what is the project's discounted payback period? The project's discounted payback period is

_______ years.(Round to two decimal places.)

SHOW HOW TO FIND EACH

HOW DO YOU FIND THE CUMULATIVE CASH FLOW