(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) $(210) o - If the project's appropriate discount rate is 8 percent, what is the project's discounted payback period? The project's discounted payback period is years. (Round to two decimal places.) (Cost of debt) Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 7.7 percent annual interest and matures in 15 years. Investors are willing to pay $947 for the bond and Temple faces a tax rate of 24 percent. What is Temple's after-tax cost of debt on the bond? The after-tax cost of debt is %. (Round to two decimal places.)