Question: (Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(160) 1 85 2

(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions)

0 $(160)

1 85

2 65

3 85

4 95

If the project's appropriate discount rate is 8 percent, what is the project's discounted payback period?

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