3.2 (20 marks) Lily Ltd is considering investing in plant and equipment. They have limited funds and a few investments to consider. One of the investments requires R250 000 and yields the following analysis: Revenue (all cash) Year Income 1 R100 000 2 R150 000 3 R200 000 Expenditure Included in here is a provision for bad debts Year Expenses Provision for Bad Debts 1 R50 000 R5 000 2 R75 000 R10 000 3 R100 000 R15 000 Further details are as follows: Salvage value at end of year 3 - R10 000 There is no tax impact on the salvage value The Receiver of Revenue does not allow the provision for bad debts as