Gio's Restaurants is considering a project with the following expected cash flows: . If the...
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Gio's Restaurants is considering a project with the following expected cash flows: . If the project's appropriate discount rate is 11 percent, what is the project's discounted payback period?
| YEAR | PROJECT CASH FLOW |
| |
| 0 | $240240 | million | |
| 1 | 100100 | million | |
| 2 | 6060 | million | |
| 3 | 100100 | million | |
| 4 | 100100 | million | |
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