3. On January 31, 2023, Vetrini Company leased a new machine from Simon Corp. The following data relate to the lease transaction at the inception of the lease: Annual rental payable at beginning of each lease year $500,000 Fair market value of the machine Annual Interest Lease term Useful life of machine 4,000,000 10% 10 years 15 years The lease has no renewal option, and the possession of the machine reverts to Simon when the lease terminates. At the inception of the lease, Vetrini should record an asset related to the lease equal to: A.B.C.D.Zero.$3,072,285.$3,379,510$4,000,000