MIRRForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › MIRRThis topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts November 24, 2014 at 8:07 am #212571 rimxParticipantTopics: 31Replies: 37☆☆Hi John,Can tell me which cash flows constitute part of investment cash flows and which cash flows pertain to the recovery phase.Thanks. November 24, 2014 at 9:40 am #212600 John MoffatKeymasterTopics: 57Replies: 54500☆☆☆☆☆It really depends on the question. However they do not try and trick you – in exam questions the first years are outflows (and that is the investment phase. The later years are the recovery phase.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