Active firm
Each scenario has fully independent state.
Appendix E.5
Dynamic case companies — 5-year cash flow
Migration cash-flow trajectories for the two case companies, with NeuroCertify operated under each of its arms (Brazil + France) and DataFlow Pro under three substitution scenarios (conservative / moderate / aggressive).
Paper-canonical · independent of active firmNeuroCertify — two jurisdictional arms
Layer-6-dominant deep-tech: small substitutable subset, orchestrator overhead dominates.
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