On October $1,2024,$ Sonoma Company leased equipment from Napa Incorporated in lease payable in five equal annual payments of $$330,000,$ beginning October $1,2025.$ Similar transactions have carried an $12\%$ interest rate. The right$-$of$-$use asset would be recorded at: Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Multiple Choice

$$ $$0.$

$$1,189,577.$

$$1,332,326.$

$$ $$1,650,000.$