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The text discusses, at length, some of the difficulties of obtaining research funding. What would you suggest to alleviate many of these issues?
Internal Rate of Return
A metric used in financial analysis to estimate the profitability of potential investments.
Time Value of Money
The concept that money available today is worth more than the same amount in the future due to its potential earning capacity.
Capital Investment Project
A project undertaken by a business to acquire or upgrade physical assets such as property, industrial buildings, or equipment to create future benefits.
Break-Even Time
The period it takes for a business or project to generate enough revenue to cover its initial investment and start making a profit.
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