Morrow enterprises purchased a building on Jan 1, 2006 in exchange for a three- year non-interest bearing note with a face value $693,000. Independent appraisers valued the building at $550,125. A) At what amount should this building be capitalized? B) Compute the present value of the notes future cash flows, using these discount rates. 1. 6 Percent 2. 8 Percent 3. 10 Percent C) What is the effective interest rate of this note? Please show calculations used to get present values