LichenCo owns amachine that has a carrying amount of $85,000 at the year end of 31 March 20X9.Its market value is $78,000 and costs of disposal are estimated at $2,500. A new machine would cost $150,000. LichenCo expects it to produce net cashflows of $30,000perannum for the next three years.The cost of capital of LichenCo is 8%. ANS Good day sir, I tried calculating the net cashflows for the 3 years as (30000*3)/(1.08)^3 and it was wrong. Please can you explain why?