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Gio's Restaurants is considering a project with the following expected cashflows Year Project cash flow(millions) 0 (120) 1 95 2 60 3 95 4 105

Gio's Restaurants is considering a project with the following expected cashflows

Year Project cash flow(millions)

0 (120)

1 95

2 60

3 95

4 105

If theproject's appropriate discount rate is 9 percent, what is theproject's discounted paybackperiod?

Theproject's discounted payback period is ______ years.(Round to two decimalplaces.)

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