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_____ is required to repair equipment when failure occurs.
Annual Discount Rate
The rate used to discount future cash flows to the present value, reflecting the time value of money and investment risk.
Receiving Annually
Refers to receiving a particular sum or type of benefit every year.
Perpetually
Continuing forever or for an indefinite period without anticipated termination.
Cash Flow
The total sum of cash and cash-equivalents that flows in and out of a company.
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