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Tax Rate
The share of income that is required to be paid to the government by an individual or corporation as tax.
Mutually Exclusive Projects
Projects that, if accepted, preclude the acceptance of any other projects within the same category.
Managerial Decision
The process by which managers choose among alternative strategies or actions to solve organizational problems or to take advantage of opportunities.
NPV
Net Present Value, a method used in capital budgeting to determine the profitability of an investment or project by calculating the present value of expected cash flows versus initial cost.
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