Question
Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(240) 1 100 2 65 3 100
Gio's Restaurants is considering a project with the following expected cash flows:
| Year | Project Cash Flow (millions) |
| |
| 0 | $(240) | ||
| 1 | 100 | ||
| 2 | 65 | ||
| 3 | 100 | ||
| 4 | 110 | ||
If the project's appropriate discount rate is 8 percent, what is the project's discounted payback period?
discounted payback period is ___ years
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Cornerstones Of Financial Accounting
Authors: Bertrand Piccard, Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen, Nick Jones
1st Edition
0324657730, 9780324657739
