deletions | additions       diff --git a/section_Building_a_Profitability_Valuation__.tex b/section_Building_a_Profitability_Valuation__.tex  index b27e4fd..77ceb91 100644  --- a/section_Building_a_Profitability_Valuation__.tex  +++ b/section_Building_a_Profitability_Valuation__.tex 
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\end{equation}  becomes  \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} EV_{t}=\displaystyle\sum_{i=1}^{K}\frac{IC_{t+i-1}(1+WACC)+A_{t+i}-IC{t+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}