Question: Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) 0 $(120) 1 95 2 65 3 95

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

Year

Project Cash Flow (millions)

0

$(120)

1

95

2

65

3

95

4

90

If the project's appropriate discount rate is 12 percent, what is the project's discounted payback period?

Could you please show each step and not used excel and if using excel please show each step. Thank you!!!

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