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Pre-tax Cost
The cost of an investment or financial activity before any taxes are applied.
After-tax Cost
The actual cost of an investment or loan after accounting for the impact of taxes on the return.
Discount Rate
The interest rate used in discounted cash flow analysis to determine the present value of future cash flows.
Operating Lease
A rental agreement allowing a company to use an asset without owning it, typically involving shorter terms and cancellable by the lessee.
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