1) On October 1, 2020, Eeyore Inc. leased equipment from OwI Co. The lease called for five equal annual payments of $500,000, beginning October 1,2020 . Similar transactions have carried an 11% interest rate. Upon issuance, the right-of-use asset would be recorded at: a) $1,847,950. b) $2,115,270 c) $2,500,000 d) $2,051,225