Chrysos CoForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Chrysos CoThis topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts December 3, 2019 at 6:53 am #554559 toushigaParticipantTopics: 424Replies: 172☆☆☆☆Hello Sir,For PYQ March/June 2017 Q1 for appendix three why the cash flows (3688)do not deduct the additional $1200m ?investment in machinery) to derive FCFF?Thank you. December 3, 2019 at 8:16 am #554587 John MoffatKeymasterTopics: 56Replies: 53743☆☆☆☆☆Because they are looking at future cash flows and the 1,200 will have been invested immediately – not in the future.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In