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Internal Rate of Return Method
A capital budgeting technique used to evaluate the profitability of investments or projects, determining the discount rate that makes the net present value of all cash flows from a particular project equal to zero.
Present Value Concepts
Financial principles that determine the current worth of a future sum of money or stream of cash flows, given a specified rate of return.
Cash Payback Period
The time it takes for a project or investment to generate enough cash to recover the initial investment outlay.
Obsolescence
The process of becoming outdated or no longer used, often as a result of new inventions, technologies, or changes in consumer preference.
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