Discounted payback period) Gio's Restaurants is considering a project with the following expected Project Cash Flow (millions) $(210) 85 Year 0 1 2 80 85 4 110 (Click on the icon in order to copy its contents into a spreadsheet.) If the project's appropriate discount rate is 13 percent, what is the project's discounted payback period? 3 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
Project Cash Flow (millions)
$(210)
85
80
85
4
110
(Click on the icon in order to copy its contents into a spreadsheet.)
If the project's appropriate discount rate is 13 percent, what is the project's discounted payback period?
Year
0
1
23
The project's discounted payback period is years. (Round to two decimal places.)
Transcribed Image Text:(Discounted payback period) Gio's Restaurants is considering a project with the following expected Project Cash Flow (millions) $(210) 85 80 85 4 110 (Click on the icon in order to copy its contents into a spreadsheet.) If the project's appropriate discount rate is 13 percent, what is the project's discounted payback period? Year 0 1 23 The project's discounted payback period is years. (Round to two decimal places.)
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