On January $1,2024,$ an entity delivered an equipment to a lessee under a direct financing lease for $10$ years. The equipment shall revert to the lessor at the end of lease term

Cost of equipment $2,600,000$

Annual rental payable at the end of year $500,000$

Initial direct cost paid by lessor $225,000$

Implicit interest rate after initial direct cost $12\%$

$9.$ What is the total financial revenue?

a$.4,500,000$

b$.5,000,000$

c$.2,825,000$

d$.2,175,000$