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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year 0 1 2 3 4 Project Cash Flow (millions)

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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year 0 1 2 3 4 Project Cash Flow (millions) $(160) 95 75 95 105 If the project's appropriate discount rate is 11 percent, what is the project's discounted payback period? The project's discounted payback period is years. (Round to two decimal places.)

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