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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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