(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(150) 1 90 2 70 3 90 4 100 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.)
(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(150) 1 90 2 70 3 90 4 100 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.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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(Discounted payback period)
Gio's Restaurants is considering a project with the following expected cash flows:
Year
|
Project Cash Flow (millions)
|
|
0
|
$(150)
|
|
1
|
90
|
|
2
|
70
|
|
3
|
90
|
|
4
|
100
|
|
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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