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Why are novae thought to be recurrent?
Initial Investments
The initial capital outlay required to start a project, purchase assets, or establish a business.
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity available to run its day-to-day operations.
Income Tax Expense
The amount of money a company owes in taxes based on its net income.
After-Tax Discount Rate
The interest rate used to discount future cash flows to their present value, adjusted to account for taxes.
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