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Under the Common Law of environmental nuisance
Payback Period
The time required for an investment to generate cash flows sufficient to recover the initial investment cost.
Scrap Value
The estimated resale value of an asset at the end of its useful life, also known as salvage value.
Incremental Annual
Incremental annual refers to the year-over-year changes or additional amounts in revenue, cost, or other financial metrics.
Internal Rate
Typically refers to the internal rate of return (IRR), which is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.
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