Discounted payback period) Gio's Restaurants is considering a project with the following expected Project Cash Flow (millions) $(210) 85 Year 0 1 2 80 85 4 110 (Click on the icon in order to copy its contents into a spreadsheet.) If the project's appropriate discount rate is 13 percent, what is the project's discounted payback period? 3 The project's discounted payback period is ... years. (Round to two decimal places.)

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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**Discounted Payback Period Analysis**

Gio's Restaurants is evaluating a project with the following expected cash flows:

| Year | Project Cash Flow (millions) |
|------|------------------------------|
| 0    | $(210)                       |
| 1    | 85                           |
| 2    | 80                           |
| 3    | 85                           |
| 4    | 110                          |

Click on the icon to copy its contents into a spreadsheet.

If the project's appropriate discount rate is 13 percent, what is the project's discounted payback period?

The project's discounted payback period is ___ years. (Round to two decimal places.)
Transcribed Image Text:**Discounted Payback Period Analysis** Gio's Restaurants is evaluating a project with the following expected cash flows: | Year | Project Cash Flow (millions) | |------|------------------------------| | 0 | $(210) | | 1 | 85 | | 2 | 80 | | 3 | 85 | | 4 | 110 | Click on the icon to copy its contents into a spreadsheet. If the project's appropriate discount rate is 13 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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