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Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(180) 1 80 2 75 3 80
Gio's Restaurants is considering a project with the following expected cash flows:
Year | Project Cash Flow (millions) |
| |
0 | $(180) | ||
1 | 80 | ||
2 | 75 | ||
3 | 80 | ||
4 | 95 |
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.
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