Question
(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(210) 1 92 2
(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows:
| Year | Project Cash Flow (millions) | |
|---|---|---|
| 0 | $(210) | |
| 1 | 92 | |
| 2 | 60 | |
| 3 | 92 | |
| 4 | 95 | |
If the project's appropriate discount rate is 13 percent, what is the project's discounted payback period?
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
10th Global Edition
0273765736, 978-0273765738
