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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

$105

If the project's appropriate discount rate is 9 percent, what is the project's discounted payback period?

The project's discounted payback period is

years.

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