On September 30, 2024, Crown Corporation purchased franchise rights from a national restaurant chain. In payment, Crown has the option of paying $356,000 immediately or $400,000 in two years by signing a noninterest- bearing note. Crown chooses the option of paying $400,000 in two years. At what amount will Crown initially value the franchise? How much interest expense will Crown recognize in its income statement for this note for the year ended December 31, 2024?