Question
(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(120) 1 92 2
(Discounted
payback
period)
Gio's Restaurants is considering a project with the following expected cash flows:
| Year | Project Cash Flow (millions) |
| |
| 0 | $(120) | ||
| 1 | 92 | ||
| 2 | 60 | ||
| 3 | 92 | ||
| 4 | 102 | ||
If the project's appropriate discount rate is
9
percent, what is the project's discounted payback period?
The project's discounted payback period is
nothing
years.(Round to two decimal places.)
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Applied International Finance
Authors: Thomas J O'Brien
1st Edition
1606497340, 9781606497340
