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Economic Life
The expected period of time during which an asset remains useful to the owner for generating income or other benefits.
Investment Dollars
The amount of money committed to investments with the expectation of generating a future return.
Discount Rate
The interest rate used to discount future cash flows to their present value, reflecting the time value of money.
Annual Cost Savings
The reduction in total costs achieved on an annual basis through efficiency improvements, cost-cutting measures, or operational changes.
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