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Liquidity
The simplicity of turning an asset into cash without impacting its market value.
Terminal Value
An estimate of a project's or company's value at the end of a forecast period, extending beyond the period of explicit cash flow projections.
Non-Normal Cash Flows
Cash flow patterns that don't follow a regular, predictable pattern, often encountered in investment analysis.
MIRR
Modified Internal Rate of Return, a financial metric that accounts for the cost of capital and assumes positive cash flows are reinvested at a firm's reinvestment rate.
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