deletions | additions       diff --git a/section_Building_a_Profitability_Valuation__.tex b/section_Building_a_Profitability_Valuation__.tex  index d1589ac..b27e4fd 100644  --- a/section_Building_a_Profitability_Valuation__.tex  +++ b/section_Building_a_Profitability_Valuation__.tex 
...
\begin{equation}  EV_{t}=\displaystyle\sum_{i=t+1}^{t+K}\frac{IC_{i-1}(1+WACC)+A_{i}-IC{i}}{(1+WACC)^i}+\frac{EV_{t+K}}{(1+WACC)^K}  \end{equation}  This can be simplified (with alot of terms cancelling out)  so that finally we get : \begin{equation}  EV_{t}=IC_{t}+\displaystyle\sum_{i=1}^{K}\frac{A_{t+i}}{(1+WACC)^i}-\frac{IC_{t+K}}{(1+WACC)^K}+\frac{EV_{t+K}}{(1+WACC)^K}  \end{equation}