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Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(210) 1 95 2 80 3 95

Gio's Restaurants is considering a project with the following expected cash flows:

Year

Project Cash Flow (millions)

0

$(210)

1

95

2

80

3

95

4

95

If the project's appropriate discount rate is 11 percent, what is the project's discounted payback period?

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