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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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