(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash...
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Finance
(Discounted payback period)
Gio's Restaurants is considering a project with the following expected cash flows:
| Year | Project Cash Flow (millions) |
| |
| 0 | $(240) | ||
| 1 | 95 | ||
| 2 | 72 | ||
| 3 | 95 | ||
| 4 | 95 | ||
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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