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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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