In: Finance
Gio's Restaurants is considering a project with the following expected cash flows:
Year |
Project Cash Flow (millions) |
||
0 |
$(180) |
||
1 |
80 |
||
2 |
75 |
||
3 |
80 |
||
4 |
95 |
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.