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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows (see below). If the project's appropriate discount rate is 12
(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows (see below). If the project's appropriate discount rate is 12 percent, what is the project's discounted payback period?
Year | Project Cash Flow |
0 | $(150) Million |
1 | $95 Million |
2 | $65 Million |
3 | $95 Million |
4 | $110 Million |
The project's discounted payback period is ____years. (Round to two decimal places.)
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