deletions | additions       diff --git a/section_Building_a_Profitability_Valuation__.tex b/section_Building_a_Profitability_Valuation__.tex  index 649f4f8..deee3d9 100644  --- a/section_Building_a_Profitability_Valuation__.tex  +++ b/section_Building_a_Profitability_Valuation__.tex 
...
\begin{equation}  EV_{t}=IC_{t}+\displaystyle\sum_{i=1}^{K}\frac{A_{t+i}}{(1+WACC)^i}  \end{equation}  become Using the notion of persistence rate allows us to simplify even more the valuation equation. The persistence rate $\omega$ is defined as