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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year 0 Project Cash Flow (millions) $(180) 85 1 2
(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year 0 Project Cash Flow (millions) $(180) 85 1 2 60 3 85 4 95 If the project's appropriate discount rate is 12 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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