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Capital Budgeting
The process of planning and evaluating expenditures on assets whose cash flows are expected to extend beyond one year, like new machinery, equipment, or projects.
Automated Equipment
Machinery and tools that operate with minimal human intervention, often using technology to perform tasks.
Intangible Benefits
Non-monetary advantages of an action or investment, such as improved employee satisfaction or brand loyalty, which are difficult to quantify.
Discount Rate
The interest rate used to discount future cash flows to their present value, reflecting the opportunity cost of capital.
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