​(Discounted payback period​) ​  Gio's Restaurants is considering a project with the following expected cash​ flows:   Year Project Cash Flow​ (millions)   0 ​$(150​)   1 90   2 70   3 90   4 100     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. ​(Round to two decimal​ places.)

Question
​(Discounted payback period​)
​ 
Gio's Restaurants is considering a project with the following expected cash​ flows:
 
Year
Project Cash Flow​ (millions)
 
0
​$(150​)
 
1
90
 
2
70
 
3
90
 
4
100
 
 
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.
​(Round to two decimal​ places.)

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