Find the error & explain why it is wrong:

[tex]( { \frac{4 {x}^{3} }{ {y}^{4} }) }^{ - 2} = \frac{16x {}^{6} }{ {y}^{8} } [/tex]
[tex] \frac{(4 {x}^{3})^{ - 2} }{ { {(y}^{4} )}^{ - 2} } = \frac{16 {x}^{6} }{ {y}^{8} } [/tex]
[tex] \frac{ {16x}^{ - 6} }{ {y }^{ - 8} } = \frac{ {16x}^{6} }{ {y}^{8} } [/tex]
The power of -2 was mistook as 2.