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Wings may not necessarily be a key innovation for Insecta, but rather a key innovation for lineages within Insecta. For example, Coleoptera, the most diverse group of insects, have forewings that are modified as a hardened elytra and membranous hindwings for flight. How might wings have increased the success of Coleoptera?
Base Case NPV
The Net Present Value calculated under baseline assumptions, used as a standard to evaluate the viability of an investment.
Discounted Payback
A capital budgeting method that calculates the time required to recoup the investment in a project, by taking into account the present value of expected cash flows.
Financial Break-Even
The sales level that results in a zero NPV.
Contribution Margin
The amount by which sales revenue exceeds variable costs of production, indicating how much revenue contributes towards covering fixed costs and generating profit.
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