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Pius IX called the First Vatican Council in 1869 because he felt the Catholic Church had become too strong and powerful.
Average Rate of Return
A financial metric used to evaluate the profitability of an investment, calculated as the average annual profit divided by the initial investment cost.
Annual Income
The total earnings or revenue generated by an individual or business in one fiscal year before any deductions.
Capital Projects
Large, long-term investments undertaken to create, expand, or replace a company's physical assets.
Cash Payback Period
The duration it takes for the earnings from an investment to cover the initial amount invested.
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