Ava is setting up a production model for her jewelry-making business. She decides to use Solver to find the optimal number of topaz and onyx pendants to produce with the given constraints. One of the most important constraints is that the minimum number to produce is 100 of each. Please answer the questions below, referencing the above figure as needed.
-Ava is using Solver to determine her production schedule for pendants. Ava clicks the Set Objective box, and then she clicks cell G6 because it contains the ____.
Definitions:
Payback Period
The amount of time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment.
Discount Rate
The interest rate used to determine the present value of future cash flows, guiding investment and financing decisions by reflecting the opportunity cost of capital.
NPV
An abbreviation for Net Present Value, it assesses the worth of future cash flows in today's dollars, subtracting the initial investment.
PI
A mathematical constant representing the ratio of a circle's circumference to its diameter, approximately 3.14159.
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