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The voyages of Zheng He during the Ming Dynasty mark one of the most ambitious overseas adventures undertaken in the fifteenth century.Explain the purpose of these voyages,what was learned during them,and circumstances that led to a decision by Chinese leaders to bring them to a halt.
Discount Rate
The interest rate used to discount future cash flows of an investment to present value, reflecting the opportunity cost of capital.
Cost Savings
Reductions in expenditures achieved through methods such as negotiation, effciency improvements, or substitution.
Pretax Return
The profit earned by a business before the deduction of tax expenses.
Net Present Value
A financial metric that calculates the difference between the present value of cash inflows and the present value of cash outflows over a period of time.
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