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The annual pattern of global precipitation
IRR
Internal Rate of Return - a financial metric used to evaluate the profitability of potential investments, representing the discount rate that makes the net present value of all cash flows from a particular project equal to zero.
Salvage Value
The estimated residual value of an asset at the end of its useful life, often considered in depreciation calculations and asset disposal decisions.
Sunk Cost
Expenses that have already been incurred and cannot be recovered, and should not influence future business decisions.
Basic Overheads
The routine, essential expenses incurred in the operation of a business, such as rent, utilities, and salaries.
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