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Define the gray market.
Average IRR
The mean internal rate of return, calculating the average profitability of investments or projects over time.
Pre-Tax Cost
The expense incurred by an organization or individual before taxes have been deducted.
After-Tax Cost of Capital
The net cost of capital to a company after accounting for the tax benefits associated with debt financing.
Oil Exploration
The process of searching for underground or underwater oil reservoirs to extract petroleum for commercial use.
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