Acme Auto Repair entered into an agreement to lease equipment from Cromley Motor Products on July 1, 2022, The lease calls for five equal annual payments of $480,000, beginning July 1, 2023. Similar transactions have carried an 8% interest rate. At what amount would Acme would record the right-of-use asset? (EV of $1, PV of $1. EVA of $1, PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)