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Gio's Restaurants is considering a project with the following expected cash flows: Year 0 1 2 Project Cash Flow (millions) $(240) 92 72 3
Gio's Restaurants is considering a project with the following expected cash flows: Year 0 1 2 Project Cash Flow (millions) $(240) 92 72 3 92 4 90 (Click on the icon in order to copy its contents into a spreadsheet.) If the project's appropriate discount rate is 12 percent, what is the project's discounted payback period? The project's discounted payback period is years. (Round to two decimal places.)
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Financial Management Principles and Applications
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