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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 72 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

72

3

95

4

110

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spreadsheet.)

If the project's appropriate discount rate is

11

percent, what is the project's discounted payback period?

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Part 1

The project's discounted payback period is

enter your response here

years.(Round to two decimal places.)

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