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eWork: Chapter 11 Homework Score: 0 of 1 pt 8 of 9 (4 complete) P11-20 (similar to) (Discounted payback period) Gio's Restaurants is considering a
eWork: Chapter 11 Homework Score: 0 of 1 pt 8 of 9 (4 complete) P11-20 (similar to) (Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(210) 1 100 60 3 100 110 (Click on the icon in order to copy its contents into a spreadsheet.) If the project's appropriate discount rate is 9 percent, what is the project's discounted payback period? The project's discounted payback period is years. (Round to two decimal places.) 4
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