Question

( Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows....

( Discounted payback period) 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 projects's discounted payback period?

expected cash flows:

 Year Project Cash Flow 0 -\$180 million 1 90 million 2 65 million 3 100 million 4 100 million

The Project's discounted payback period is ____ ?

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