What is following limit?

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$\mathsf{Mathematica}$ evaluates $$\lim_{N\rightarrow\infty}\lim_{\epsilon\rightarrow0^+}\frac{\binom{N^{\frac{3}{2}}-N^{\frac{1}{2}}}{N^{1-8\epsilon}}}{\binom{N^{\frac{3}{2}}}{N^{1-8\epsilon}}}$$ to $e^{-1}$.

Is it much different from $$\lim_{N\rightarrow\infty}\lim_{\epsilon\rightarrow0^+}\frac{\binom{N^{\frac{3}{2}}-N^{\frac{1}{2}}}{\frac{N}{(\log N)^{8}}}}{\binom{N^{\frac{3}{2}}}{\frac{N}{(\log N)^{8}}}}$$ on which $\mathsf{Mathematica}$ craps out?