Active firm
Each scenario has fully independent state.
Appendix A
Layered DCF — four-path valuation
Classical Damodaran vs Layered (A) vs Two-phase (B) vs Dual-channel (B.2.6) for the active preset. The four paths share the same firm inputs.
NeuroCertify
Layer-4 share: 20% · Layer-6 share: 40%
Resilient profile
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