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Gio's Restaurants is considering a project with the following expected cash flows: Table YEAR PROJECT CASH FLOW 0 -120 million 1 95 million 2 80
Gio's Restaurants is considering a project with the following expected cash flows:
Table
| YEAR | PROJECT CASH FLOW |
| |
| 0 | -120 | million | |
| 1 | 95 | million | |
| 2 | 80 | million | |
| 3 | 80 | million | |
| 4 | 90 | million | |
If the project's appropriate discount rate is 9% what is the project's discounted payback period?
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