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

Year

Project Cash Flow (millions)

c

-

N

$(180)

95

65

95

A

110

(Click on the icon & in order to copy its contents into a spreadsheet.)

If the project's appropriate discount rate is 12 percent, what is the project's discounted payback period?

The project's discounted payback period is ____years. (Round to two decimal places.)

(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: (Click on the icon in order to copy its contents into a spreadsheet.) If the project's appropriate discount rate is 12 percent, what is the project's discounted payback period? The project's discounted payback period is years. (Round to two decimal places.)