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Conversely, if NPV shows a negative value, the project is expected to lose value. In essence, IRR signifies the rate of return attained when the NPV of the project reaches a neutral state, precisely at the point where NPV breaks even. [4] IRR accounts for the time preference of money and investments. A given return on investment received at a ...
MIRR is calculated as follows: = (), where n is the number of equal periods at the end of which the cash flows occur (not the number of cash flows), PV is present value (at the beginning of the first period), FV is future value (at the end of the last period).
The "risk-free" rate on US dollar investments is the rate on U.S. Treasury bills, because this is the highest rate available without risking capital. The rate of return which an investor requires from a particular investment is called the discount rate , and is also referred to as the (opportunity) cost of capital .
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In Aesthetic Theory, Adorno is concerned not only with such standard aesthetic preoccupations as the function of beauty and sublimity in art, [2] but with the relations between art and society. He feels that modern art's freedom from such restrictions as cult and imperial functions that had plagued previous eras of art has led to art's expanded ...
Aesthetic Theory: Essential Texts is an anthology of the most important texts written on aesthetics and beauty since Plato till nowadays. It is edited by the theorist Mark Foster Gage who is tenured associate professor at the Yale University. The book is made up of twenty chapters each about an influential figure in the field of aesthetics.
This pluralistic and diverse aesthetic reality has typically been created within different architectural and industrial design movements such as: Modernism, Postmodernism, Deconstructivism, Post-structuralism, Neoclassicism, New Expressionism, Supermodernism, etc. [2] [3] [4] All of these aesthetic realities represent a number of divergent ...