(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 $80

3 $92

4 $105

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.)