OT Lecture IFRS 9, Chapter 16 Convertible Debenture, Example 4

Hi,

I saw that there is a difference in the calculation of the liability between the lecture and the example answer in the notes. In calculating the liability element, the example answer uses net proceed and calculates the PV using issue cost interest rate arriving to the figure of $90.5 mil while in the lecture, the liability element is $93.85 mil after issue cost deduction.

Can I confirm that the calculation done in the lecture is correct while the example answer is wrong for this particular question?