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television (TV)Electronic system for transmitting still or moving images and sound to receivers that project a view of the images on a picture tube or screen and recreate the sound. Early versions (1900–20) of the cathode-ray (picture) tube, methods of amplifying an electronic signal, and theoretical formulation of the electronic-scanning principle later became the basis of modern TV. RCA demonstrated the first all-electronic TV in 1932. Cable TV systems (introduced in the late 1940s), colour TV (in the 1950s), and recording or playback machines (in the 1980s; see VCR) followed. Digital high-definition (HDTV) systems (1990s) provide sharper, clearer pictures and sound with little interference or other imperfections and have the potential to merge TV functions with those of computers. TVSee NTSC, CRT, flat panel TV, rear-projection TV and front-projection TV. TV (communications)
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The future value of the cash inflows is also called the terminal value, or terminal value (TV). 507 12% Present (125) 8 8 (259) 22 22 329 Value Net Present Value = 5 * Terminal Value equals perpetuity value with 5% growth per year Table 2 Net Present Value of Phase I Investment ($ Values in Thousands and Rounded) Year 0 1 2 3 4 5 6 Cash Flow 0 9 10 11 12 12 13 Terminal 191 Value * Investment (125) Discount Factor at 1. Terminal value of the business assumes a growth in perpetuity of 3 percent. |
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