Figure 4-21 
-Which price in Figure 4-21 is equilibrium?
Definitions:
Discount Rate
The specific rate used in the context of discounted cash flow analysis to ascertain the present value of cash flows that are to be received in the future.
Net Present Value
A financial metric that calculates the value of a project or investment in today's dollars, discounting future cash flows to their present value.
Cash Outlay
The actual amount of money spent or invested in a specific period or for a specific purpose.
Cash Savings
Funds that are kept on hand or in a savings account for future needs, emergencies, or investment opportunities.
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