Question
Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(160) 1 80 2 60 3 80
Gio's Restaurants is considering a project with the following expected cash flows:
| Year | Project Cash Flow (millions) | |
|---|---|---|
| 0 | $(160) | |
| 1 | 80 | |
| 2 | 60 | |
| 3 | 80 | |
| 4 | 102 | |
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.)
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
2nd Edition
0812043731, 978-0812043730
