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Gio's Restaurants is considering a project with the following expected cashflows: Year Project Cash Flows (millions) 0 (210) 1 95 2 72 3 95 4

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

Year Project Cash Flows (millions)

0 (210)

1 95

2 72

3 95

4 110

If theproject's appropriate discount rate is 11 percent, what is theproject's discounted paybackperiod?

The projects discounted payback period is ______ years. (round to two decimal places)

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