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Please do not use excel to answer this problem. The wrong answer is given when excel is used. (Discounted payback period) Gio's Restaurants is considering

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Please do not use excel to answer this problem. The wrong answer is given when excel is used.

(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) S(180) 85 60 85 110 4 If the project's appropriate discount rate is 13 percent, what is the project's discounted payback period? The project's discounted payback period isyears. (Round to two decimal places.)

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