Question
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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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
978-0078025549
