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Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(160) 1 95 2 65 3 95

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

Year

Project Cash Flow (millions)

0

$(160)

1

95

2

65

3

95

4

105

If the project's appropriate discount rate is13 percent, what is the project's discounted payback period?

The project's discounted payback period is years.

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