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Equivalent Annual Annuity
A financial method used to evaluate projects with different lifespans by converting their values into equal annual payments.
Initial Outlay
The initial investment amount needed to fund a project or investment.
Cost of Capital
The rate of return that a company must earn on its project investments to maintain its market value and attract funds.
Capital Budgeting
The process of planning and managing a company's long-term investments in major projects or assets.
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