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Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(210) 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 | $(210) | |
1 | 100 | |
2 | 65 | |
3 | 100 | |
4 | 95 |
If the project's appropriate discount rate is11 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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