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Sarento's fear of flying is treated by exposing him to a three-dimensional, computer-generated "world" in which he can experience walking onto a plane, being seated, and taking off. This computerized environment that responds to a viewer's head movements and other inputs is part of a behavioral therapy known as
Tax Rate
The tax rate is the percentage at which an individual or corporation is taxed, which can vary depending on income level, type of income, or jurisdiction.
Present Value
The contemporary valuation of a future sum of money or sequence of cash inflows, considering a certain rate of return.
Cost of Capital
The required return necessary to make a capital budgeting project, such as building a new factory, worthwhile.
Net Investment
The total amount spent on purchasing new capital assets minus depreciation on existing assets, indicating the actual increase in a company's capital stock.
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