deletions | additions       diff --git a/section_Building_a_Profitability_Valuation__.tex b/section_Building_a_Profitability_Valuation__.tex  index 29c6461..001b4bc 100644  --- a/section_Building_a_Profitability_Valuation__.tex  +++ b/section_Building_a_Profitability_Valuation__.tex 
...
And $FCFF$ is thus equal to :  \begin{equation}  FCFF_{t}=IC_{t-1}(1+WACC)+A_{t}-IC_{t}  \end{equation}. \end{equation}  We can now transform Eq. 9 by replacing the $FCFF$ with its equivelent identified in Eq. 14.  \begin{equation}  EV_{t}=\displaystyle\sum_{i=t+1}^{t+K}\frac{FCFF_i}{(1+R)^i}+EV_{t+K}  \end{equation}