(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Project Cash Flow (millions) $(240) 100 60 3 100 4 110 (Click on the icon in order to copy its contents into a spreadsheet.) If the project's appropriate discount rate is 8 percent, what is the project's discounted payback period? Year 0 1 2 The project's discounted payback period is years. (Round to two decimal places.)

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 2PA: Jasmine Manufacturing is considering a project that will require an initial investment of $52,000...
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(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows:
Project Cash Flow (millions)
$(240)
100
60
100
110
(Click the icon
order to copy its contents into a
readsheet.)
If the project's appropriate discount rate is 8 percent, what is the project's discounted payback period?
Year
0
1
2
3
4
The project's discounted payback period is
years. (Round to two decimal places.)
CE
Transcribed Image Text:(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Project Cash Flow (millions) $(240) 100 60 100 110 (Click the icon order to copy its contents into a readsheet.) If the project's appropriate discount rate is 8 percent, what is the project's discounted payback period? Year 0 1 2 3 4 The project's discounted payback period is years. (Round to two decimal places.) CE
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