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Please do not use excel to solve this problem and complete all steps. (Discounted payback period) Gio's Restaurants is considering a project with the following

image text in transcribedPlease do not use excel to solve this problem and complete all steps.

(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) $(180) 95 60 95 110 2 4 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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