Testbank, Question 13 Collins Limited estimated the future cash outflows over the next three years relating to settlement of warranty obligations would be as follows: 1 year from now: $20 000 2 years from now: $38 000 3 years from now: $45 000 Collins Limited calculates that the present value of the total expected future cash outflow, using a discount rate of 8%, is: $ 86 820 $ 88 301 $ 95 370 $103 000